Taking this into account, Wolfe Research upgraded its Forward Air Corp [FWRD] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early January from “a Peer perform” to “an Underperform”. Jefferies also remained covering FWRD and has increased its forecast on August 29, 2023 with a “Buy” recommendation from previously “Hold” rating. Wolfe Research revised its rating on August 28, 2023. It rated FWRD as “a Peer perform” which previously was an “an Underperform”.
Price Performance Review of FWRD
On Tuesday, Forward Air Corp [NASDAQ:FWRD] saw its stock fall -3.96% to $16.75. Over the last five days, the stock has gained 17.71%. Forward Air Corp shares have fallen nearly -48.06% since the year began. Nevertheless, the stocks have fallen -20.69% over the past one year. While a 52-week high of $40.92 was reached on 01/28/25, a 52-week low of $9.78 was recorded on 04/09/25. SMA at 50 days reached $18.15, while 200 days put it at $29.03.
Levels Of Support And Resistance For FWRD Stock
The 24-hour chart illustrates a support level at 16.19, which if violated will result in even more drops to 15.64. On the upside, there is a resistance level at 17.33. A further resistance level may holdings at 17.92. The Relative Strength Index (RSI) on the 14-day chart is 50.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.15%. Stochastics %K at 84.65% indicates the stock is a selling.
