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

FedEx Corporation (FDX) : Wednesdays money flow analysis of FedEx Corporation (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 $29.7 million. In comparison, the inflow of money on upticks was a meager $22 million. The dollar value of composite uptick trades minus the downtick trades was negative $7.7 million. The uptick to downtick ratio of 0.74 in the money flow shows weakness. The downtick transaction value was high at $7.65 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($7.65 million). FedEx Corporation (FDX) gained $0.39 at $160.07, a change of 0.24% over the previous days close.


Also, Stifel Nicolaus maintains their rating on the shares of FedEx Corporation (NYSE:FDX). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $178 per share from $174 per share. The rating by the firm was issued on June 2, 2016.

FedEx Corporation (NYSE:FDX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $160.09 and $159.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $161.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $160.07, notching a gain of 0.24% for the day. The total traded volume was 683,399 . The stock had closed at $159.68 on the previous day.

The stock has recorded a 20-day Moving Average of 2.89% and the 50-Day Moving Average is 0.47%. 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.

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