Saia Plummets to 175th in Trading Volume Ranking as Stock Price Drops 33.06% in Two Days

On April 28, 2025, Saia (SAIA) experienced a significant decline, with its trading volume reaching $446 million, marking a 61.09% decrease from the previous day. This placed Saia at the 175th position in terms of trading volume for the day. The stock price of Saia dropped by 3.47%, marking the second consecutive day of decline, with a total decrease of 33.06% over the past two days.

Morgan Stanley upgraded Saia to Equal Weight from Underweight, citing a reset in earnings expectations that has brought the stock back to fair value. This adjustment reflects a more balanced outlook on the company's performance and potential.

Stifel lowered its price target for Saia to $277, indicating a more cautious stance on the stock's future performance. This move comes as analysts reassess the company's prospects in light of recent market conditions.

Saia's stock fell sharply after the company reported first-quarter revenue and earnings per share that missed analysts' expectations. This disappointing performance has raised concerns about the company's ability to navigate the current economic environment.

Saia's management had anticipated a muted macro environment for 2025, which has contributed to the stock's recent volatility. The company's earnings miss has further exacerbated investor concerns about its financial health and future prospects.