Strength Seen in Forward Air (FWRD): Can Its 6.2% Jump Turn into More Strength?
Forward Air(FWRD) ZACKS·2024-10-18 18:10
Forward Air (FWRD) shares ended the last trading session 6.2% higher at $40.16. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.8% gain over the past four weeks. The increase in share price followed reports that Forward Air has retained two prominent investment bankers to sell the company. Many FWRD shareholders including alternative asset manager Alta Fox have been pressurizing the company to engage in a formal ...