Shopify, Viking, United Parcel Service, BWX Technologies, and Rio Tinto Group are the five Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies that own and operate vessels for transporting goods or passengers by sea. Investors buy and sell these stocks to gain exposure to the global maritime trade cycle, which is influenced by factors like freight rates, fuel costs, and international trade demand. Performance in shipping stocks often correlates with shifts in economic activity, trade volumes, and shipping capacity. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.
Shopify (SHOP)
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
NYSE:SHOP traded up $0.42 on Wednesday, hitting $107.16. The stock had a trading volume of 5,590,382 shares, compared to its average volume of 9,457,535. The stock has a market cap of $138.75 billion, a price-to-earnings ratio of 69.14, a PEG ratio of 4.82 and a beta of 2.66. The company has a fifty day moving average price of $95.39 and a two-hundred day moving average price of $105.02. Shopify has a 1-year low of $48.56 and a 1-year high of $129.38.
Read Our Latest Research Report on SHOP
Viking (VIK)
Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.
NYSE:VIK traded down $0.67 on Wednesday, hitting $44.25. The stock had a trading volume of 10,304,498 shares, compared to its average volume of 2,442,938. The stock has a market cap of $19.09 billion and a price-to-earnings ratio of 35.97. The company has a fifty day moving average price of $41.39 and a two-hundred day moving average price of $44.57. Viking has a 1-year low of $28.89 and a 1-year high of $53.14.
Read Our Latest Research Report on VIK
United Parcel Service (UPS)
United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
Shares of UPS stock traded down $0.86 during trading hours on Wednesday, hitting $96.69. The company had a trading volume of 2,852,639 shares, compared to its average volume of 5,128,325. The company's fifty day moving average is $99.54 and its 200 day moving average is $115.82. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The stock has a market capitalization of $81.87 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.
Read Our Latest Research Report on UPS
BWX Technologies (BWXT)
BWX Technologies, Inc., together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.
Shares of BWXT stock traded up $4.04 during trading hours on Wednesday, hitting $126.40. The company had a trading volume of 1,756,923 shares, compared to its average volume of 826,302. The company's fifty day moving average is $105.26 and its 200 day moving average is $111.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies has a fifty-two week low of $84.21 and a fifty-two week high of $136.31. The stock has a market capitalization of $11.55 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66.
Read Our Latest Research Report on BWXT
Rio Tinto Group (RIO)
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.
Shares of RIO stock traded down $0.81 during trading hours on Wednesday, hitting $60.00. The company had a trading volume of 3,548,400 shares, compared to its average volume of 2,865,281. The company's fifty day moving average is $59.55 and its 200 day moving average is $60.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 1.16. Rio Tinto Group has a fifty-two week low of $51.67 and a fifty-two week high of $72.08. The stock has a market capitalization of $75.23 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.42 and a beta of 0.73.
Read Our Latest Research Report on RIO
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