Shengfeng Development Limited (NASDAQ:SFWL – Get Free Report)’s share price dropped 16% on Wednesday . The stock traded as low as $0.99 and last traded at $1.00. Approximately 123,091 shares changed hands during mid-day trading, an increase of 987% from the average daily volume of 11,328 shares. The stock had previously closed at $1.19.
Shengfeng Development Trading Down 16.0%
The company’s fifty day moving average is $1.08 and its 200 day moving average is $1.01.
Shengfeng Development Company Profile
Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services.
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