Shares of FedEx Corporation (FDX) Sees Large Outflow of Money

FedEx Corporation (FDX) : The total money flow in FedEx Corporation (FDX) was negative ($16.12 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $68.35 million. In comparison, the inflow of money into the stock on upticks was $52.22 million. The uptick to downtick ratio was 0.76. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $14.42 million. The value of transactions on uptick was $1.63 million. The negative money flow of ($12.79 million) confirms the selling in FedEx Corporation (FDX) on strength. The uptick to downtick ratio of block trades was 0.11. FedEx Corporation (FDX) gained $1.08 at $161.5, a gain of 0.67% over the previous days close. However, the stock registered 3.38% in the week.


The stock has recorded a 20-day Moving Average of 3.62% and the 50-Day Moving Average is 1.28%. Shares have dropped -8.25% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $173.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $159.17 and the 200 Day Moving Average price is recorded at $150.98.

FedEx Corporation (NYSE:FDX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $161.79 and $161.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $163.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $161.50, notching a gain of 0.67% for the day. The total traded volume was 1,556,727 . The stock had closed at $160.42 on the previous day.

In an insider trading activity,The director officer (Chairman/President/CEO) of Fedex Corp, Smith Frederick W sold 200,000 shares at $166.3 on April 21, 2016. The Insider selling transaction had a total value worth of $33,260,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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