Fedex Corp (FDX) Files Form 4 Insider Selling : Frederick W Smith Sells 200,000 Shares

Fedex Corp (FDX): Frederick W Smith , Chairman/President/CEO of Fedex Corp sold 200,000 shares on Apr 21, 2016. The Insider selling transaction was reported by the company on Apr 25, 2016 to the Securities and Exchange Commission. The shares were sold at $166.30 per share for a total value of $33227692 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 5, 2016, Paul S Walsh (director) sold 3,900 shares at $163.77 per share price.On Mar 21, 2016, Michael L Ducker (President & CEO/FedEx Freight) sold 12,862 shares at $160.57 per share price.Also, On Mar 21, 2016, T Michael Glenn (EVP MKT DEVEL/CORP COMM) sold 20,655 shares at $160.57 per share price.On Mar 21, 2016, Robert B Carter (EVP Chief Info Officer) sold 19,747 shares at $160.57 per share price.

FedEx Corporation: On Friday, Apr 22, 2016 heightened volatility was witnessed in FedEx Corporation which led to swings in the share price. The shares opened for trading at $166.28 and hit $166.93 on the upside , eventually ending the session at $166.32, with a gain of 0.45% or 0.75 points. The heightened volatility saw the trading volume jump to 13,59,110 shares. The 52-week high of the share price is $185.19 and the company has a market cap of $44,644 M . The 52-week low of the share price is at $119.71.

FedEx Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.FedEx Corporation is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 180 from a previous price target of $175 .The Rating was issued on Mar 17, 2016.FedEx Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 158 from a previous price target of $153 .The Rating was issued on Mar 17, 2016.FedEx Corporation is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 174 from a previous price target of $171 .The Rating was issued on Mar 17, 2016.FedEx Corporation is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 186 from a previous price target of $169 .The Rating was issued on Mar 17, 2016.FedEx Corporation is Downgraded by Standpoint Research to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 17, 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 FedEx’s other companies with sales marketing information technology communications customer service and certain other back-office support. The Company’s 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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FedEx Corporation - Is it time to Sell?

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