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

FedEx Corporation (NYSE:FDX) : Wednesdays money flow analysis of FedEx Corporation (NYSE:FDX) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $54.93 million. In comparison, the inflow of money on upticks was a meager $49.7 million. The dollar value of composite uptick trades minus the downtick trades was negative $5.23 million. The uptick to downtick ratio of 0.9 in the money flow shows weakness. The uptick block trades were valued at $2.32 million. The downtick transaction value was high at $1.58 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 1.47. Hence, the net money flow in the stock was negative ($0.75 million). FedEx Corporation (NYSE:FDX) gained $2.14 at $150.24, a change of 1.44% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Smith Frederick W, director officer (Chairman/President/CEO) of Fedex Corp, had unloaded 200,000 shares at an average price of $166.3 in a transaction dated on April 21, 2016. The total value of the transaction was worth $33,260,000. Currently the company Insiders own 8.15% of FedEx Corporation shares according to the proxy statements. Institutional Investors own 77.73% of FedEx Corporation shares.

The company shares have dropped -12.78% 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 $160.73 and the 200 Day Moving Average price is recorded at $150.64. FedEx Corporation (NYSE:FDX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $149.73 and $148.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $150.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $150.26, notching a gain of 1.46% for the day. The total traded volume was 2,192,052 . The stock had closed at $148.10 on the previous day.

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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