Freight Technologies shares double on Samsung deal
26/07/2022 16:48
** Freight Technologies Inc's FRGT.O shares last up 65.5%
at $2.45 on Tues after transportation logistics co said it was
awarded contract from Samsung Group
** Stock more than doubles on the session to $3.15, highest
since Apr 1
** Woodlands, TX-based firm says Samsung Mexico SDS has
begun using its Fr8App platform to assist with shipments from
Mexico to U.S. urn:newsml:reuters.com:*:nGNX8H6NCw
** Trading volume of 41,694,040 FRGT shares so far compares
to stock's 10-DMA volume of 9,365, per Refinitiv data
** Co has ~7.24 mln shares outstanding and ~6 mln shares of
public float, per Refinitiv
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))