Freight Technologies (NASDAQ:FRGT) Trading Down 4.6% – Here’s Why

Freight Technologies, Inc. (NASDAQ:FRGTGet Free Report)’s stock price dropped 4.6% on Friday . The company traded as low as $1.43 and last traded at $1.47. Approximately 90,661 shares changed hands during trading, a decline of 95% from the average daily volume of 1,760,700 shares. The stock had previously closed at $1.54.

Freight Technologies Trading Down 4.6 %

The stock’s fifty day moving average is $1.40 and its two-hundred day moving average is $1.40.

Institutional Trading of Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Barclays PLC bought a new position in shares of Freight Technologies, Inc. (NASDAQ:FRGTFree Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,362 shares of the company’s stock, valued at approximately $53,000. Barclays PLC owned approximately 1.91% of Freight Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 6.24% of the stock is owned by institutional investors and hedge funds.

About Freight Technologies

(Get Free Report)

Freight Technologies, Inc, through its subsidiary, operates a transportation logistics technology platform for cross-border shipping in the United States and Mexico. Its Fr8App technology platform offers an online portal and a mobile application that provide third-party logistics services to companies in the freight transportation market; a transport management solution for customers to manage their own fleet; and freight brokerage support and customer services based on the platform.

Further Reading

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