FedEx Corporation (FDX) : Traders are bullish on FedEx Corporation (FDX) as it has outperformed the S&P 500 by a wide margin of 1.82% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.77%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.7% in the last 1 week, and is up 5.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.42% and the 50-Day Moving Average is 1.56%. FedEx Corporation has dropped 1.7% during the last 3-month period . Year-to-Date the stock performance stands at 9.13%.
FedEx Corporation (NYSE:FDX): stock turned positive on Friday. Though the stock opened at $160.62, the bulls momentum made the stock top out at $162.21 level for the day. The stock recorded a low of $159.35 and closed the trading day at $161.9, in the green by 0.28%. The total traded volume for the day was 1,016,365. The stock had closed at $161.45 in the previous days trading.
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.