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PATI

Patriot Transportation Holding Inc

http://www.patriottrans.com/

Employees

Industry

General Freight Trucking, Local

patriot transportation holding, inc. operates as a regional tank truck. the company conducts its business through its subsidiary, florida rock & tank lines, inc. its business consists of hauling petroleum related products, and dry bulk commodities and liquid chemicals. the company operates terminals in florida, georgia, alabama, south carolina, north carolina and tennessee. as of september 30, 2016, the company operated a fleet of 468 tractors and 561 tank trailers from its 21 terminals and nine satellite locations. the company offers hauling liquid petroleum products, such as gas and diesel fuel, from large scale fuel storage facilities to its customers' retail outlets, such as convenience stores, truck stops and fuel depots. its dry bulk commodities include cement, lime and various industrial powder products. it also provides delivery service in the liquid chemical and dry bulk business primarily from distribution facilities or manufacturing facilities to the end user.

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The Federal Reserve has decided to maintain interest rates at 5.25% to 5.5%. This decision led to a rise in the Dow, NASDAQ, and S&P 500. Stocks of Cellectis, Patriot Transportation Holding, and TG Therapeutics rose significantly due to strategic collaborations, acquisitions, and positive Q3 results respectively. However, WeWork, IRIDEX Corporation, and Paycom Software saw a drop in their shares due to bankruptcy reports, withdrawal of annual guidance, and poor Q3 sales results respectively.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 6:33 pm

The article lists the stocks that gained and lost the most in Wednesday's mid-day session. Notable gainers include Cellectis S.A. (NASDAQ:CLLS) due to strategic collaboration and investment agreements with AstraZeneca, and Patriot Transportation Holding, Inc. (NASDAQ:PATI) due to an acquisition agreement with United Petroleum Transports. Notable losers include WeWork Inc. (NYSE:WE) due to reports of nearing bankruptcy, and Paycom Software, Inc. (NYSE:PAYC) due to worse-than-expected third-quarter sales results and lowered FY23 revenue guidance.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 5:59 pm

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. Information technology shares jumped by 1.3%. Cellectis S.A. (CLLS) shares shot up 148% after reporting strategic collaboration and investment agreements with AstraZeneca. Patriot Transportation Holding, Inc. (PATI) shares shot up 104% after announcing an agreement for United Petroleum Transports to acquire all of its outstanding shares. TG Therapeutics, Inc. (TGTX) shares were up 29% following third-quarter results. WeWork Inc. (WE) shares dropped 52% following reports of nearing bankruptcy. IRIDEX Corporation (IRIX) shares were down 43% after withdrawing its previously announced annual guidance for 2023. Paycom Software, Inc. (PAYC) shares fell 38% after reporting worse-than-expected third-quarter sales results and issuing FY23 revenue guidance below estimates.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 4:38 pm

U.S. stocks traded mixed with the Dow down 0.05%, NASDAQ up 0.32%, and S&P 500 up 0.15%. Private businesses added 113,000 workers in October, less than the expected 150,000. Cellectis S.A. (CLLS) shares rose 154% after announcing strategic collaboration with AstraZeneca. Patriot Transportation (PATI) shares rose 105% after an acquisition agreement with United Petroleum Transports. Monopar Therapeutics (MNPR) shares rose 42% after presenting positive data. WeWork (WE) shares fell 50% due to bankruptcy reports. IRIDEX Corporation (IRIX) shares fell 45% after withdrawing its annual guidance. Paycom Software (PAYC) shares fell 37% after reporting worse-than-expected Q3 sales.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 1:42 pm

Patriot Transportation (NASDAQ:PATI) reported Q3 earnings of $0.33 per share, a 50% increase YoY. The company also reported sales of $24.25 million, a 3.20% increase YoY.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:33 pm

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