17-Apr-2024
Trucking stocks hit the brakes as earnings worries mount
Seeking Alpha News (Wed, 17-Apr 11:02 AM ET)
FDX Bullish Calendar Call Spread with 385% Upside
Market Chameleon (Tue, 26-Mar 11:07 AM ET)
FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86
Business Wire (Thu, 21-Mar 4:08 PM ET)
FDX Options are Pricing in a Massive Earnings Move
Market Chameleon (Thu, 21-Mar 3:26 PM ET)
FedEx EVP/CIO Robert B. Carter to Step Down June 30, 2024
Business Wire (Mon, 11-Mar 4:15 PM ET)
FedEx to Launch 12th Annual Small Business Grants Program
Business Wire (Thu, 29-Feb 9:00 AM ET)
FedEx Continues Pledge to HBCUs with Announcement of Third Student Ambassador Cohort
Business Wire (Wed, 21-Feb 8:00 AM ET)
FedEx Corp. Board Declares Quarterly Dividend
Business Wire (Fri, 16-Feb 9:00 AM ET)
FedEx delivers the Vince Lombardi Trophy to Las Vegas ahead of Super Bowl LVIII
Business Wire (Wed, 7-Feb 11:42 PM ET)
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.
Fedex trades on the NYSE stock market under the symbol FDX.
As of April 17, 2024, FDX stock price declined to $263.07 with 1,263,156 million shares trading.
FDX has a beta of 1.03, meaning it tends to be more sensitive to market movements. FDX has a correlation of 0.20 to the broad based SPY ETF.
FDX has a market cap of $64.74 billion. This is considered a Large Cap stock.
Last quarter Fedex reported $22 billion in Revenue and $3.86 earnings per share. This fell short of revenue expectation by $-340 million and exceeded earnings estimates by $.41.
In the last 3 years, FDX stock traded as high as $319.90 and as low as $141.92.
The top ETF exchange traded funds that FDX belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
FDX has underperformed the market in the last year with a price return of +16.2% while the SPY ETF gained +23.0%. However, in the short term, FDX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.9% vs +5.7% return in SPY. But in the last 2 weeks, FDX shares have been beat by the market, returning -4.4% compared to an SPY return of -3.5%.
FDX support price is $261.52 and resistance is $268.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FDX stock will trade within this expected range on the day.