Shengfeng Development (NASDAQ:SFWL) Stock Price Up 3.5% – Here’s Why

Shengfeng Development Limited (NASDAQ:SFWLGet Free Report) shares shot up 3.5% during mid-day trading on Friday . The company traded as high as $1.39 and last traded at $1.34. 24,309 shares were traded during mid-day trading, a decline of 92% from the average session volume of 297,726 shares. The stock had previously closed at $1.30.

Shengfeng Development Stock Up 3.5 %

The business has a fifty day moving average price of $1.31 and a 200-day moving average price of $1.40.

Shengfeng Development Company Profile

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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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