What Happened?

Shares of gas handling company Chart (NYSE:GTLS) jumped 11.3% in the morning session after the company reported impressive third-quarter earnings that exceeded analysts' backlog expectations. On the other hand, its full-year revenue guidance missed and its EBITDA guidance for the full year fell short of Wall Street's estimates. Overall, this was a mixed yet decent quarter.

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What The Market Is Telling Us

Chart’s shares are quite volatile and have had 18 moves greater than 5% over the last year. But moves this big are rare even for Chart and indicate this news significantly impacted the market’s perception of the business.

Chart is down 6% since the beginning of the year, and at $127.03 per share, it is trading 24.8% below its 52-week high of $168.99 from July 2024. Investors who bought $1,000 worth of Chart’s shares 5 years ago would now be looking at an investment worth $2,147.

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