Why Forward Air Stock Soared Today [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
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Source: Yahoo! Finance
That was the news that moved Forward Air (NASDAQ: FWRD) stock on Monday. Intrigued by the possibility of a sale at a premium price, investors piled into Forward's stock and sent its value more than 6% skyward on the day. That made it a standout on a session where the S&P 500 index landed in the red with an almost 1% decline. An activist investor called for change... That activist is a firm called Alta Fox which, as is typical of such enterprises, has a small (3%) shareholding. On Monday, Alta Fox sent a letter to Forward Air's board of directors calling for change at the company. Specifically, it is insisting on an outright sale of the business. Taking the adversarial tone common for activists, Alta Fox wrote that "We view your disastrous track record of ignoring shareholders' views as abhorrent. However, you have an opportunity now to do the right thing by listening to resounding investor feedback and executing a formal sales process that maximizes value for all shareholders."
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News
- Forward Air Raises $350,000 for Veterans at Annual Drive for Hope Golf Tournament [Yahoo! Finance]Yahoo! Finance
- Forward Air Raises $350,000 for Veterans at Annual Drive for Hope Golf TournamentBusiness Wire
- Story of the year … so far [Yahoo! Finance]Yahoo! Finance
- Forward Air Co. (NASDAQ: FWRD) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Forward Air names new chief commercial officer [Yahoo! Finance]Yahoo! Finance
FWRD
Earnings
- 11/4/24 - Miss
FWRD
Analyst Actions
- 10/21/24 - Stifel
FWRD
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 424B3
- 11/8/24 - Form 8-K
- FWRD's page on the SEC website