FedEx Corporation (NYSE:FDX) has climbed 0.86% in the past week and advanced 0.38% in the last 4 weeks. The company has outperformed the S&P 500 by 2.07% in the past week but underperformed the index by 0.53% in the last 4 weeks.
FedEx Corporation (NYSE:FDX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $161.91 and $161.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $162.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $162.25, notching a gain of 0.23% for the day. The total traded volume was 2,247,009 . The stock had closed at $161.87 on the previous day.
The company shares have dropped -7.96% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $177.65 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $162.41 and the 200 Day Moving Average price is recorded at $150.49.
On the companys insider trading activities, The director officer (Chairman/President/CEO), of Fedex Corp, Smith Frederick W had unloaded 200,000 shares at $166.3 per share in a transaction on April 21, 2016. The total value of transaction was $33,260,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Stifel Nicolaus maintains its ratings on FedEx Corporation (NYSE:FDX). In the latest research report, Stifel Nicolaus raises the target price from $174 per share to $178 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 8.15% of FedEx Corporation shares according to the proxy statements. Institutional Investors own 77.72% of FedEx Corporation shares.
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.