Why Is Descartes Systems Group (TSX:DSG) Deepening Its Freight Brokerage Reach?
Published . Updated .
This report is about container shipping.
Directly affected
- DSGX Descartes Systems Group+4.7% 10d
Named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- ZIM ZIM Integrated Shipping Services+1.3% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- MATX Matson-5.7% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- GSL Global Ship Lease-7.2% 30d
Global Ship Lease (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DSGX | +4.46% | +1.79% | base | after close | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| IYTNo price data for this ticker | — | — | — | — | — | — | — |
| ZIM | +4.03% | +4.49% | base | after close | after close | after close | after close |
| DAC | +0.47% | +0.95% | base | after close | after close | after close | after close |
| MATX | +2.55% | +2.06% | base | after close | after close | after close | after close |
| GSL | +0.62% | +1.05% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Why Is Descartes Systems Group (TSX:DSG) Deepening Its Freight Brokerage Reach? Yahoo Finance
Source: Yahoo Finance
Shipping
| Company | When | Move | Status |
|---|---|---|---|
| DAC | three days earlier | +0.95% | final price |
| DAC | five days earlier | +0.47% | final price |
| DSGX | three days earlier | +1.79% | final price |
| DSGX | five days earlier | +4.46% | final price |
| GSL | three days earlier | +1.05% | final price |
| GSL | five days earlier | +0.62% | final price |
| MATX | three days earlier | +2.06% | final price |
| MATX | five days earlier | +2.55% | final price |
| ZIM | three days earlier | +4.49% | final price |
| ZIM | five days earlier | +4.03% | final price |
How solid the shipping case looks
12 out of 100
“Why Is Descartes Systems Group (TSX:DSG) Deepening Its Freight Brokerage Reach?” scores 12 out of 100. The score uses 1 sources.