22-Apr-2024
BofA’s US 1 List - New additions include CSCO, GS and SPGI
Seeking Alpha News (Thu, 18-Apr 12:10 PM 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 22, 2024, FDX stock price climbed to $270.15 with 1,118,504 million shares trading.
FDX has a beta of 0.96, meaning it tends to be less sensitive to market movements. FDX has a correlation of 0.19 to the broad based SPY ETF.
FDX has a market cap of $66.48 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 stock has underperformed the market in the last year with a return of +19.9%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FDX shares. However, FDX has outperformed the market in the last 3 month and 2 week periods, returning +10.1% and -1.2%, while SPY returned +3.9% and -3.6%, respectively. This indicates FDX has been having a stronger performance recently.
FDX support price is $263.51 and resistance is $270.47 (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.