24/7 Market News Snapshot 12 May, 2025 – Freight Technologies, Inc. Ordinary Shares (NASDAQ:FRGT)

May 12, 2025

DENVER, Colo., 12 May, 2025 (www.247marketnews.com) – (NASDAQ:FRGT) are discussed in this article.
Freight Technologies, Inc. (FRGT) is experiencing a notable surge in pre-market trading, with its stock price climbing 42.56% to $1.782, following a last recorded price of $1.250. This substantial movement in share value accompanies a robust trading volume of 8.55 million shares, signaling heightened investor interest. Current technical indicators suggest a strong bullish trend, indicating potential for further increases as market momentum builds. Traders are advised to keep an eye on resistance levels that may emerge around the $2.00 mark. This uptick reflects Freight Technologies’ innovative contributions within the logistics sector, positioning the company as an enticing option for investors.

Significantly, Freight Technologies has also announced a strategic enhancement of its digital asset investments, reinforcing its dedication to promoting fair trade practices. In a decisive action, the firm has issued two additional convertible notes totaling $1 million, escalating its overall investment in Official Trump (“TRUMP”) tokens to $2 million. CEO Javier Selgas expressed optimism about this initiative, emphasizing the dual focus on financial innovation and advocacy for equitable trade relations between the U.S. and Mexico.

Highlighting the critical nature of trade balance, Selgas noted that cross-border trade totaled approximately $840 billion last year, underscoring the necessity of fostering collaborative trade frameworks while addressing persistent challenges without disrupting legitimate commerce. CFO Don Quinby stated that the company’s cryptocurrency assets are valued at around $10.7 million as of mid-May 2025, demonstrating Freight Technologies’ commitment to expanding its digital treasury. Through a suite of technology-driven platforms, including the Fr8App for B2B shipping and the Waavely platform for freight management, Freight Technologies is continuously working to optimize global supply chain processes.

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