Why Forward Air Stock Hit New Lows in May
FWRDForward Air(FWRD) The Motley Fool·2024-06-06 04:23

The company followed a controversial deal with a weaker-than-expected quarter. A disastrous few quarters for holders of Forward Air (FWRD 3.05%) took a fresh turn for the worse in May after the company released disappointing quarterly results. Shares of Forward fell 23.7% for the month, according to data provided by S&P Global Market Intelligence, after investors got a glimpse of how bad things are at the transportation company. A bad deal creates bad results Forward Air is an asset-light provider of transp ...