Shares of FedEx slid 5.28% to $276.83 at 14:54 EST on Friday, after three successive sessions in a row of gains. The New York Stock Exchange is sliding 0.57% to $14,434.70, after three sequential sessions in a row of gains. This seems, at the moment, a somewhat rough trend exchanging session today.
FedEx’s last close was $292.26, 10.41% below its 52-week high of $305.66.
News about FedEx today
Stock alert: fedex declines 4%. According to today’s article on Business Insider, "Shares of delivery services company FedEx Corporation (FDX) are down more than 4% Friday morning despite reporting better-than-expected second-quarter results.", ""While the overall environment remains uncertain, we expect earnings growth in the second half of fiscal 2021 driven by the anticipated heightened demand for our services," said Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer."
FedEx’s sales growth is 8% for the present quarter and 10.1% for the next. The company’s growth estimates for the ongoing quarter and the next is 125.5% and 74.7%, respectively.
Year-on-year quarterly revenue growth grew by 18.7%, now sitting on 74.73B for the twelve trailing months.
FedEx’s Stock Yearly Top and Bottom Value
FedEx’s stock is valued at $276.83 at 14:54 EST, below its 52-week high of $305.66 and way above its 52-week low of $88.69.
FedEx’s Moving Average
FedEx’s worth is below its 50-day moving average of $282.05 and way above its 200-day moving average of $220.82.
Previous days news about FedEx
Fedex, UPS manage surge in packages with strict limits on shippers. According to The Wall Street Journal on Tue Dec 15, "Orders averaged 2,500 a day at four of its warehouses until FedEx hit the brakes. ", "Rather than risk having their systems clogged with packages, both FedEx andUPS UPS -1.06% are holding a harder line by enforcing a preset limit on the daily number of packages they will pick up. "
Fedex flexes price power with surcharges extending past January. According to Bloomberg Quint on Wed Dec 16, "FedEx and United Parcel Service Inc. have been handling record volume as the coronavirus pandemic spurs a surge in demand for home delivery of goods ordered online.", "FedEx will report earnings tomorrow, and analysts forecast that profit will jump 60% from a year earlier to $4.01 a share."
Fedex is limiting the number of items small businesses can ship during the pandemic-fueled holiday and retailers are calling it a 'shipageddon'. According to Business Insider on Thu Dec 17, "Larger businesses can, as part of larger conversations around things like exclusivity and shipping rates, also tell FedEx what they expect to ship and negotiate higher shipping limits.", "But when he got home Saturday night, Galbraith got a call from his FedEx representative, who told him Letterfolk would be capped at its September shipping levels plus an additional 10%."
Fedex reports earnings more than doubled, record quarterly sales. According to MarketWatch on Thu Dec 17, "FedEx shares have nearly doubled amid the boom in shipping this year, gaining 93.5% in 2020 through Thursday’s regular session. ", "As the holiday package crunch arrives after a year of increasing online purchases during COVID-19 lockdowns, FedEx Corp. on Thursday reported record quarterly sales that topped $20 billion for the first time and earnings that more than doubled."
Fedex disappoints as rising costs cool wall street’s high hopes. According to Bloomberg Quint on Thu Dec 17, "FedEx Corp. failed to keep up with Wall Street’s soaring expectations, as a jump in costs crimped quarterly results."
Stocks making the biggest moves after hours: fedex, United States steel, scholastic & more. According to CNBC on Thu Dec 17, "FedEx – Shares of the shipper slid more than 3% in after hours trading despite FedEx beating top and bottom line estimates during the second quarter. ", "FedEx did, however, say that it expects "earnings growth in the second half of fiscal 2021.""
Fedex revenue jumps on holiday surge. According to The Wall Street Journal on Thu Dec 17, "FedEx has found more than enough packages to fill its network after parting ways with Amazon, helped by the overall growth of e-commerce during the pandemic and courting of new customers. ", "FedEx Corp. isn’t missing Amazon.com Inc. this holiday season."