FedEx Corporation (FDX) has risen sharply, recording gains of 1.88% in the past 4 weeks. However, the stock has corrected -2.18% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.1% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.1% and the fifty day Moving Average is 2.85%. FedEx Corporation is up 0.54% in the last three month period. Year-to-Date the stock performance stands at 11.18%.
FedEx Corporation (FDX) : The highest short term price target forecast on FedEx Corporation (FDX) is $205 and the lowest target price is $145. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $180.75 with a standard deviation of $14.92.
FedEx Corporation (NYSE:FDX): On Fridays trading session , Opening price of the stock was $166.05 with an intraday high of $167.08. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $164.37. However, the stock managed to close at $164.95, a loss of 0.35% for the day. On the previous day, the stock had closed at $165.53. The total traded volume of the day was 1,102,685 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.