Freight Technologies (NASDAQ:FRGT) Trading Up 1.5% – What’s Next?

Freight Technologies, Inc. (NASDAQ:FRGT) shot up 1.5% during trading on Monday . The company traded as high as $1.42 and last traded at $1.38. 55,897 shares were traded during trading, a decline of 74% from the average session volume of 219,100 shares. The stock had previously closed at $1.36.

Freight Technologies Stock Up 1.5 %

The business’s fifty day moving average is $1.42 and its 200 day moving average is $0.75.

Institutional Trading of Freight Technologies

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

About Freight Technologies

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.