Moody’s, Fitch downgrade Forward Air debt; stock decline now above 90% - FreightWaves
Forward Air’s 52-week-high stock price was $121.38 on July 27, 2023. The acquisition of Omni was announced Aug. 10, when the stock opened at $113.36 and closed at $104.02. It got as low as $61.56 on Aug. 27 before rallying somewhat, and then resumed its slide to bring it to its current level, with a 52-week low set last week at $11.21, a decline of 90.7% from that late-July high.
If I owned shares in Forward Air last July, I'd be pretty pissed right now
The Next to Fall????
Discussion in 'Other News' started by Opus, May 28, 2024.
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BennysPennys, Sirscrapntruckalot, Cat sdp and 3 others Thank this.
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Who invests into individual trucking company stocks like that though? Seems like a special sort of crazy (trying to be nice here).
austinmike, BoostedTeg and Concorde Thank this. -
Sirscrapntruckalot, mjd4277, Deere hunter and 1 other person Thank this.
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austinmike, Deere hunter, Concorde and 1 other person Thank this.
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Sirscrapntruckalot, mjd4277, Deere hunter and 2 others Thank this.
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I’ll gladly buy up some shares when it gets down to $0.50.Sirscrapntruckalot, Feedman, Deere hunter and 1 other person Thank this. -
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I was told last year by a O/o that if I'm going to Lease onto a company be sure they contact with Forward Ar. Yet someone on these forums saud said otherwise. Whow, I need to search these threads and Thank that Driver.
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And the market is hot now….its on quite a winning streak
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The folks that shorted that crap lately are smiling from ear to ear.
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