ArcBest Corp. Director Makes Major Stock Purchase

Salvatore Abbate Buys 1,000 Shares of Company Stock

Transaction Totaling $103,930

In a recent SEC filing, it was revealed that Salvatore Abbate, a director at ArcBest Corp. (NASDAQ: ARCB), purchased 1,000 shares of the company's stock on August 12, 2024. The shares were acquired at a price of $103.93 per share, for a total investment of $103,930.

Abbate's purchase represents a significant investment in the company, and suggests that he has confidence in the company's future prospects. ArcBest Corp. is a leading provider of transportation and logistics services, and has been publicly traded since 1986. The company has a strong track record of profitability and growth, and is well-positioned to continue to benefit from the growing demand for transportation and logistics services.

The purchase of stock by a company director is often seen as a sign of confidence in the company, and can be a positive signal for investors. In this case, Abbate's purchase of 1,000 shares of ArcBest Corp. stock suggests that he believes the company is undervalued and has the potential for future growth.