Shares of FedEx dropped 5.8% to $275.30 at 15:54 EST on Friday, after three successive sessions in a row of gains. The New York Stock Exchange is sliding 0.68% to $14,418.10, after three successive sessions in a row of gains. This seems, so far, a somewhat rough trend trading session today.
FedEx’s last close was $292.26, 11.03% 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 ongoing 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 $275.30 at 15:54 EST, under its 52-week high of $305.66 and way higher than 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, "FedEx and UPS, in addition to network upgrades and hiring tens of thousands of workers, have spent months planning with their large customers on shipping forecasts and the carriers have allotted companies certain amounts of packages by the day or week. ", "Orders averaged 2,500 a day at four of its warehouses until FedEx hit the brakes. "
Fedex flexes price power with surcharges extending past January. According to Bloomberg Quint on Wed Dec 16, "From Jan. 18 "until further notice," FedEx will charge an extra $30 for oversize items, $3 a parcel for items requiring additional handling and 75 cents for each SmartPost package, according to prices posted on the company’s website.", "FedEx and UPS have also sought to steer volume to weekends where there’s more capacity."
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, "While it’s possible a particular business owner may have missed communication from FedEx about the caps, Goldberg said that multiple businesses in an e-commerce group he belongs to reported being blindsided by FedEx’s limits.", "Another key difference with companies like Letterfolk, he said, is that while FedEx has conversations with larger retailers months in advance in order to estimate how much they’ll need to ship, many smaller businesses don’t have that level of access to FedEx or the leverage to negotiate better prices and quotas."
Fedex reports earnings more than doubled, record quarterly sales. According to MarketWatch on Thu Dec 17, "FedEx reported that fiscal second-quarter earnings rose 114% to $1.23 billion, or $4.55 a share, from $2.13 a share a year ago. ", "FedEx shares have nearly doubled amid the boom in shipping this year, gaining 93.5% in 2020 through Thursday’s regular session. "
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. ", "Air-cargo companies such as FedEx have been flying fuller jets and charging higher rates as a result."