Freightways Director Increases Shareholding Through On-Market Purchases

An announcement from Freightways ( (NZ:FRW) ) is now available.

Freightways Group has disclosed that non-executive director Grant Devonport has increased his beneficial holding in the company through on-market purchases of fully paid ordinary shares. His stake rose from 15,000 to 17,000 shares following two transactions on 4 and 5 May 2026 at prices of $12.78 and $12.90 per share.

The additional shares will be registered under Boudi Woudi Pty Ltd, and no derivatives were involved in the transactions. The trades occurred outside any closed period under the company’s trading policy, indicating routine portfolio activity and ongoing alignment of the director’s interests with those of shareholders.

The most recent analyst rating on (NZ:FRW) stock is a Buy with a N$13.87 price target. To see the full list of analyst forecasts on Freightways stock, see the NZ:FRW Stock Forecast page.

More about Freightways

Freightways Group Limited is a New Zealand-listed company operating in the freight and logistics sector, with its primary business focused on the provision of courier, express package and related transport services. The company’s shares are publicly traded on the NZX, and it is subject to New Zealand’s financial markets disclosure and governance requirements.

Average Trading Volume: 176,021

Technical Sentiment Signal: Strong Buy

Current Market Cap: N$2.39B

For a thorough assessment of FRW stock, go to TipRanks’ Stock Analysis page.