Forward Air Corp (FWRD) Files Form 4 Insider Selling : George M Lynch Sells 2,739 Shares

Forward Air Corp (FWRD): George M Lynch , director of Forward Air Corp sold 2,739 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $45.00 per share for a total value of $123,255.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 20, 2015, Michael P Mclean (VP & CAO) sold 9,000 shares at $48.00 per share price.On Nov 9, 2015, Bruce A Campbell (Chairman, President & CEO) sold 91,256 shares at $46.01 per share price.Also, On Jun 16, 2015, Michael L Hance (Senior VP, CLO and Secretary) sold 9,000 shares at $54.25 per share price.On Jun 4, 2015, Rodney L Bell (CFO, SVP & Treasurer) sold 20,000 shares at $54.00 per share price.

Shares of Forward Air Corporation (FWRD) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -0.40% at $45.22 with 1,46,134 shares getting traded. Post opening the session at $45, the shares hit an intraday low of $44.44 and an intraday high of $45.22 and the price vacillated in this range throughout the day. The company has a market cap of $1,377 M and the number of outstanding shares has been calculated to be 3,04,48,892 shares. The 52-week high of Forward Air Corporation is $54.992 and the 52-week low is $36.

Forward Air Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Forward Air Corporation is Upgraded by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $50 .Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on May 24, 2016.Forward Air Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $43 .The Rating was issued on Apr 25, 2016.Forward Air Corporation is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $42 .The Rating was issued on Apr 22, 2016.

Forward Air Corporation is a provider of time-definite surface transportation and related logistics services to the North American air freight and expedited LTL market. The Company operates in three segments: Forward Air (Forward Air) Forward Air Solutions (FASI) and Total Quality (TQI). It also offers its customers an array of logistics and other services including expedited full truckload (TLX); dedicated fleets; warehousing; customs brokerage; and shipment consolidation deconsolidation and handling. It has a network of freight terminals located on or near airports in 87 the United States and Canadian cities including its central sorting facility in Columbus Ohio and 11 regional sort centers. Its customers include wholesale transportation community freight forwarders customs brokers and airlines. Its brands include Forward Air Inc. Roadfeeder Network Forward Air Forward Air Solutions Forward Air TLXSM Forward Air Complete PROUD and Total Quality Inc.

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Forward Air Corporation - Is it time to Sell?

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