Con-Way Shares Rise on Improved Fundamentals Wednesday, November 3, 1:41 PM ET, by Market News Video Staff Trucking company Con-Way (CNW) saw its shares rising by 5.7% Wednesday, after Deutsche Bank pointed ...
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By Market News Video Staff, Wednesday, November 3, 1:41 PM ET
Trucking company Con-Way (NYSE:CNW) saw its shares rising by 5.7% Wednesday, after Deutsche Bank pointed out that its disappointing third quarter earnings report showed improving fundamentals.
Con-Way is in the iShares Dow Jones Transportation Average Index Fund (AMEX:IYT), with 4.08% of the total portfolio. Other truckers in the fund include Ryder System (NYSE:R) and JB Hunt (NASDAQ:JBHT). The fund is trading flat Wednesday.
Con-Way is also a member of several mid-cap value funds, like the Rydex S&P MidCap 400 Pure Value ETF (AMEX:RFV), which holds about 1% Con-Way stock.
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