Home Equities Score Hudson Capital Inc (HUSN) stock turnaround on Wednesday after the recent announcement

Hudson Capital Inc (HUSN) stock turnaround on Wednesday after the recent announcement

Hudson Capital Inc (HUSN) stock was facing negativity on Wednesday, April 14, 2021, and went down a bit 0.78% only in the early morning session but it gained 7.42% in the pre-market session after the company made an announcement.

Let’s discuss the recent developments

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Preliminary Q1, 2021 financial updates

On April 13, 2021, Freight Hub, Inc announced preliminary first quarter 2021 revenue of $4.8 million, a quarterly record for the company and an increase of 216% over the first quarter of 2020.

Hudson Capital has signed a definitive Merger Agreement with FreightHub, Inc.

CEO of Fr8HubJavier Selgas said that their momentum continues to build, as demonstrated by the year-over-year increase of 216% for our preliminary first-quarter revenue. He further said that the company has started 2021 off strong, with enhancements to our technology platform and increased sales force driving the record sales for the first quarter of 2021, and the launch of our Fr8Hub University.

New Broker Portal

On March 25, 2021, HUSN announced a merger agreement with FreightHub to launch its new Broker Portal. The new Broker Portal is which is now available to freight forwarders and brokers in the domestic and US-Mexico cross-border shipping markets. The CEO of Fr8Hub Javier Selgas said that Broker Portal will fulfill the systemic needs of brokers and forwarders.

Load Board 2.0 availability

On March 11, 2021, Hudson Capital signed a definitive merger agreement with Fr8Hub for the availability of Load Board 2.0 for carriers that ship cross-border or to/from the border anywhere in the US, Mexico, or Canada.

Commencing of Fr8Hub University

On February 25, 2021, Hudson Capital has signed a definitive merger agreement to commence the inaugural class of its Fr8Hub University starting the week of February 22, 2021, at the recently expanded headquarters in Monterrey, Mexico. Fr8Hub University will provide a six-week program consists of classroom and on-the-job training. Designed around an extensive list of topics.

Launching new Technologies

On February 10, 2021, both companies signed a definitive merger agreement to launch new technologies and functionalities on their platform and starting of digitization projects.

 About HUSN

Hudson Capital Inc. Incorporated in 2014 and it was formally known as China Internet Nationwide Financial Services Inc. the HUSN provides financial advisory services to small and medium-size business and companies, including payment advisory, intermediary bank loan advisory and international corporate financing advisory.

Conclusion

The exceptional revenue growth announcement was the reason behind its turnaround on Wednesday. We can expect more surging in the coming days.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Amarin Corporation plc (NASDAQ: AMRN) stock plunged in the premarket trading session; here’s why

In the premarket trading session, Amarin Corporation plc (AMRN) stock had plunged by -4.56% to $4.4. AMRN stock closed previous session at $4.61 gaining...

Why Second Sight Medical Products, Inc. (EYES) stock is Popping High today?

Second Sight Medical Products, Inc. (EYES) stock announced two-year results of its Orion Study after which the EYES stock price happened to be green...

Luokung Technology Corp. (LKCO) Stock Undergoes Volatility as Appeal Over CCMC Designation is Underway

Luokung Technology Corp. (LKCO) stock prices were down by 6.40% as of the market closing on May 11th, 2021, bringing the price per share...

Vista Gold Corp. (VGZ) Stock Inches Higher After Promising Q1 2021 Financial Reports

Vista Gold Corp. (VGZ) stock prices were up by an incremental 1.82% as of the market closing on May 11th, 2021, bringing the price...

Array Technologies, Inc. (ARRY) Stock Prices Stay Stable Despite Troubling Q1 2021 Financial Reports

Array Technologies, Inc. (ARRY) stock prices were up by a marginal 0.28% as of the market closing on May 11th, 2021, bringing the price...

Lucira Health Inc. (NASDAQ:LHDX) stock rallied today in the current trading session; here’s why

In the current trading session at last check, Lucira Health Inc. (LHDX) shares had surged by 15.32% to the price of $5.87. LHDX's stock...

PaySign, Inc. (PAYS) Stock Down Following Disclosure of Troubling Q1 2021 Financial Reports

PaySign, Inc. (PAYS) stock prices were down 15.0568% early in the trading day on May 12th, 2021, bringing the price per share down to...

Comstock Mining Inc. (NASDAQ:LODE) stock plunged in the current trading session; here’s why

In the current trading session at the last check, Comstock Mining Inc. (LODE) stock had plunged -3.25% to trade at $3.21. LODE stock previously...

Related News

China Automotive Inc. (NASDAQ: CAAS) stock gains during current market. What is happening?

China Automotive Inc. (NASDAQ: CAAS) stock soars by 9.83% during current market trading after CAAS released its first-quarter 2021 financial results. China Automotive Systems...

Urban Tea Inc. (NASDAQ: MYT) stock fell during pre-market trading session. Here’s to know what has happened?

Urban Tea Inc. (NASDAQ: MYT) stock declined by 1.51% at last close whereas the MYT stock price gains by 5.1% in the pre-market trading...

Checkpoint Therapeutics, Inc. (CKPT) Stock Undergoes Volatility after Release of Q1 2021 Financial Reports

Checkpoint Therapeutics, Inc. (CKPT) stock prices were up 4.17% as of the market closing on May 11th, 2021, bringing the price per share up...

Obalon Therapeutics Inc. soared in the recent premarket trading session here’s why

In the premarket trading session, at last check, Obalon Therapeutics Inc. (OBLN) stock had surged by 6.48% to $3.12. OBLN stock previously closed session...

Aslan Pharmaceuticals Inc. (NASDAQ: ASLN) stock declines during pre-market. Here’s what’s happening?

Aslan Pharmaceuticals Inc. (NASDAQ: ASLN) stock plunged by 1.77% at last close while the ASLN stock price keeps falling by 6.12% in the pre-market...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.