FedEx Corporation (FDX) Shares are Up 1.59%

FedEx Corporation (FDX) : Traders are bullish on FedEx Corporation (FDX) as it has outperformed the S&P 500 by a wide margin of 2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.59% in the last 1 week, and is up 3.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.51% and the 50-Day Moving Average is 3.81%. FedEx Corporation (NYSE:FDX): On Fridays trading session , Opening price of the stock was $165.12 with an intraday high of $166. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $164.654. However, the stock managed to close at $165.5, a loss of 0.17% for the day. On the previous day, the stock had closed at $165.79. The total traded volume of the day was 1,048,295 shares.


The company Insiders own 8.15% of FedEx Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.68% . Institutional Investors own 75.26% of FedEx Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -4.68%. Also, In the latest statement by the brokerage house, Stifel Nicolaus maintains its outlook on FedEx Corporation (NYSE:FDX). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $174 per share to $178 per share. The rating by the firm was issued on June 2, 2016.

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.

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