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MillerKnoll, Interface, Crane NXT, Diebold Nixdorf, and Robert Half Shares Skyrocket, What You Need To Know

StockStory - StockStory - Mon Mar 23, 11:55AM CDT
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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 Robert Half (RHI)

Robert Half’s shares are quite volatile and have had 19 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not 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 3.4% 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.

Robert Half is down 9.6% since the beginning of the year, and at $24.72 per share, it is trading 55.1% below its 52-week high of $55.04 from March 2025. Investors who bought $1,000 worth of Robert Half’s shares 5 years ago would now be looking at only $336.53.

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