5 Best Falling Stocks To Buy Right Now

3. Forward Air Corporation (NASDAQ:FWRD)

Year To Date Share Price Drop: 36.89%

Number of Hedge Fund Investors In Q4 2023: 27

52-Week Range: $39.16 – $121.38

Current Share Price: $39.27

Forward Air Corporation (NASDAQ:FWRD) is an American freight and logistics services provider that caters to the needs of businesses in the U.S. and in Canada. The stock fell in January 2024 after Wolfe Research downgraded the shares to Underperform from Peer Perform and said it was one of the worst performing stocks in its transportation category.

After digging through 933 hedge fund portfolios for their December quarter of 2023 investments, Insider Monkey found that 27 had invested in the firm. The largest Forward Air Corporation (NASDAQ:FWRD) shareholder is Israel Englander’s Millennium Management as it owns 459,498 shares that are worth $28.9 million.

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