Large Outflow of Money Witnessed in FedEx Corporation

FedEx Corporation (FDX) : The total negative money flow of $1.03 million on Friday indicates selling on strength. The inflow of money on upticks was $0.4 million, compared to $1.43 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.28. The negative money flow of $0 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0 million. The price action in the FedEx Corporation (FDX) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $158.42 with a gain of $0.01 , a change of 0.01% over the previous days close. The stock registered -1.35% for the week.


FedEx Corporation (FDX) : The most positive equity analysts on FedEx Corporation (FDX) expects the shares to touch $205, whereas, the least positive believes that the stock will trade at $145 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $180.75 with an expected fluctuation of $14.92 from the mean.

FedEx Corporation (NYSE:FDX): stock turned positive on Friday. Though the stock opened at $158.05, the bulls momentum made the stock top out at $160.82 level for the day. The stock recorded a low of $158.05 and closed the trading day at $160.77, in the green by 1.49%. The total traded volume for the day was 1,233,193. The stock had closed at $158.41 in the previous days trading.

In a related news,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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