Shares of FedEx slid 5.53% to $276.10 at 12:00 EST on Friday, after two sequential sessions in a row of losses. The New York Stock Exchange is falling 0.44% to $14,453.00, after three successive sessions in a row of gains. This seems, up until now, a somewhat rough trend trading session today.

FedEx’s last close was $290.90, 10.71% under 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

FedEx’s sales growth is 11.5% for the ongoing quarter and 7.9% for the next. The company’s growth estimates for the ongoing quarter and the next is 54.6% and 119.1%, respectively.

FedEx’s Revenue

Year-on-year quarterly revenue growth grew by 13.3%, now sitting on 71.49B for the twelve trailing months.

FedEx’s Stock Yearly Top and Bottom Value

FedEx’s stock is valued at $276.10 at 12:00 EST, under 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 under its 50-day moving average of $279.80 and way above its 200-day moving average of $215.25.

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, "A FedEx spokesman said the company had been working with customers to understand the expected shipping volume but that, in some cases, volume is significantly higher than projections. ", "At one Kentucky warehouse, goTRG has stopped shipping with FedEx and is considering relabeling some of thousands of packages waiting to be shipped with other carriers."

Fedex flexes price power with surcharges extending past January. According to Bloomberg Quint on Wed Dec 16, ""We are experiencing extremely high demand for capacity and increased operating costs across our network this holiday peak season," FedEx said on its website as it unveiled pricing that will take effect Jan. 18. ", "UPS is likely to follow FedEx and extend its own special fees, said John Haber, founder of Spend Management Experts, an Atlanta-based consultancy that seeks to save money on shipping for clients."

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, "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 expected an unprecedented surge in packages during this season, and we implemented various measures proactively to prepare. "

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, "Shipping volumes at FedEx’s Ground unit surged 29% in the latest quarter, as consumers continued to buy everyday goods online, while retailers urged them to do their holiday shopping earlier than normal against the backdrop of the coronavirus pandemic.", "Air-cargo companies such as FedEx have been flying fuller jets and charging higher rates as a result."


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