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Brink's, Cognex, Knowles, ICF International, and Pitney Bowes Shares Skyrocket, What You Need To Know

Barchart·03/23/2026 13:12:16
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What Happened?

A number of stocks jumped in the afternoon session after oil prices fell sharply following reports of de-escalating tensions between the U.S. and Iran. The positive market sentiment came after President Trump announced that the U.S. has had "very good and productive conversations" with Iran, sparking hopes for an end to the conflict. This news sent the price for a barrel of Brent crude, a key international benchmark, plunging. Companies with significant fuel expenses, such as airlines and cruise operators, were among the day's biggest winners. Fuel is one of the largest operating costs for these industries, so a sustained drop in oil prices can significantly improve their profit margins. Illustrating the trend, shares of American Airlines and United Airlines climbed around 4.9% and 4.5% respectively, while Norwegian Cruise Line Holdings surged 7.9%.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Zooming In On Brink's (BCO)

Brink’s shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The previous big move we wrote about was 13 days ago when the stock dropped 2.7% on the news that reports revealed escalating geopolitical tensions in the Middle East. Oil prices declined amidst the uncertainty. Such geopolitical events typically lead to a 'risk-off' sentiment among investors, who tend to sell equities and seek safer assets. The market's negative reaction occurred despite comments from the U.S. President suggesting the conflict was nearly complete, indicating that investors are weighing the immediate military actions more heavily than political assurances.

Brink's is down 12.8% since the beginning of the year, and at $101.61 per share, it is trading 25.1% below its 52-week high of $135.58 from February 2026. Despite the year-to-date decline, investors who bought $1,000 worth of Brink’s shares 5 years ago would now be looking at an investment worth $1,307.

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