BUZZ-Forward Air rises after exploring alternatives, including sale
ReutersJan 6, 2025 5:02 PM
Shares of Forward Air Corp FWRD.O up 1.6% at $33.91
Freight forwarding company says it has initiated a comprehensive review of strategic options, including a merger or a sale of the company
The move comes nearly five months after activist investor Ancora Holdings reportedly urged FWRD to consider a sale
Two of eight brokerages rate the stock "buy" or higher, while six rate it as "hold"; with a median PT of $34, according to data compiled by LSEG
Stock lost about 50% in 2024; including sessions move, shares up ~6% YTD
(Reporting by Rupali Chaudhary in Bengaluru)
((Rupali.Chaudhary@thomsonreuters.com))
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