FedEx Corporation (FDX) has been under a strong bear grip, hence the stock is down -5.17% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.28% in the past 1 week. The stock has risen by 2.8% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.02% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.97% and the 50-Day Moving Average is 0.74%.
FedEx Corporation (NYSE:FDX): The stock opened at $162.17 on Friday but the bulls could not build on the opening and the stock topped out at $162.23 for the day. The stock traded down to $160.40 during the day, due to lack of any buying support eventually closed down at $160.59 with a loss of -0.56% for the day. The stock had closed at $161.50 on the previous day. The total traded volume was 1,257,112 shares.
The company Insiders own 8.15% of FedEx Corporation shares according to the proxy statements. Institutional Investors own 77.83% of FedEx Corporation shares. In a related news, Smith Frederick W, director officer (Chairman/President/CEO) of Fedex Corp, unloaded 200,000 shares at an average price of $166.3 on April 21, 2016. The total amount of the transaction was worth $33,260,000, according to the disclosed information 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.