Shares surge and volume reaches record high as Freight Technologies partners with Amazon Mexico
- Freight Technologies shares surge to 79 cents from 28 cents
- Volume tops 149 million shares
- Amazon Mexico selects Freight Technologies for logistics during high-demand season
- Stock is down 66% this year
- Freight Technologies secures request for quotation from global pharmaceutical giant
Freight Technologies experienced a significant surge in its shares, skyrocketing from 28 cents to 79 cents, following the announcement that Amazon Mexico has once again selected its Fr8App for logistics during the high-demand season. The volume of shares traded also reached a record high, surpassing 149 million shares, compared to the 65-day average of 277,245. Despite this positive development, the stock has seen a decline of approximately 66% throughout the year. In addition to the partnership with Amazon Mexico, Freight Technologies recently secured a request for quotation from a global pharmaceutical giant, further expanding its reach and potential in the industry.
Public Companies: Freight Technologies (N/A), Amazon Mexico (N/A)
Private Companies: undefined
Key People:
Factuality Level: 7
Justification: The article provides specific information about Freight Technologies’ stock price increase and the reason behind it, as well as the volume of shares traded. It also mentions the company’s previous announcement about securing a request for quotation from a pharmaceutical company. However, the article lacks additional context or sources to verify the information provided.
Noise Level: 3
Justification: The article provides relevant information about Freight Technologies and its partnership with Amazon Mexico. It also mentions the company’s previous success with a global pharmaceutical giant. However, the article lacks in-depth analysis, scientific rigor, and actionable insights. It mainly focuses on stock performance and volume, which may not be of interest to all readers.
Financial Relevance: Yes
Financial Markets Impacted: Freight Technologies
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the stock performance of Freight Technologies and its partnership with Amazon Mexico. However, there is no mention of any extreme event.
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