On a relative basis, the stock has outperformed the S&P 500 by 0.02% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.11% in the last 1 week, and is up 6.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
FedEx Corporation (NYSE:FDX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $158.05 and $158.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $160.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $160.77, notching a gain of 1.49% for the day. The total traded volume was 1,233,193 . The stock had closed at $158.41 on the previous day.
The stock has recorded a 20-day Moving Average of 3.41% and the 50-Day Moving Average is 0.99%. FedEx Corporation has dropped 3.1% during the last 3-month period . Year-to-Date the stock performance stands at 8.37%.
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedExs other companies with sales, marketing, information technology, communications, customer service and certain other back-office support. The Companys subsidiaries include Federal Express Corporation, FedEx Trade Networks, Inc., FedEx Ground Package System, Inc., FedEx SmartPost, Inc., FedEx Corporate Services, Inc. and GENCO Distribution System, Inc., among others.