Why Freight Technologies Stock Is Soaring Thursday
Portfolio Pulse from Dylan Berman
Freight Technologies, Inc. (NASDAQ:FRGT) shares surged 85.6% after the company announced the addition of 26 new customers and 149 carriers to its AI-powered freight matching platform, Fr8App. This expansion enhances its service offerings and capacity, particularly in US domestic and US-Mexico cross-border services.
June 06, 2024 | 3:55 pm
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Freight Technologies' stock surged 85.6% after announcing the addition of 26 new customers and 149 carriers to its Fr8App platform, enhancing its service offerings and capacity.
The addition of new customers and carriers significantly enhances Freight Technologies' service offerings and capacity, which is likely to drive revenue growth and investor confidence, leading to a sharp increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100