Why Forward Air Stock Advanced in June

Long-suffering shareholders of Forward Air (FWRD -0.42%) got a boost in June following reports that an activist investor is building a stake in the transportation and logistics company. Shares of Forward spiked nearly 20% on the news and finished June up 13.3%, according to data provided by S&P Global Market Intelligence. The deal closed in January but cost Forward's CEO his job. It is now up to new management to properly integrate Omni in what is a sluggish demand environment for transportation. Irenic, ac ...