Shares of Expeditors (NYSE:EXPD) dropped 2.8% after receiving an ‘underweight’ rating from Barclays and facing concerns over weak financial performance. Sales fell 5.5% annually over the last two years, with earnings per share also declining, signaling trouble for the company. The stock closed at $120.13, down 3.2% from the previous close. Despite the drop, Expeditors has only had 4 moves greater than 5% in the last year, indicating the market views this news as significant. The stock is up 9.2% since the beginning of the year and is trading near its 52-week high of $131.40.

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Read more at Stockstory.org – Barchart: Why Expeditors (EXPD) Stock Is Trading Lower Today