Shares of FedEx dropped 5.73% to $275.50 at 14:36 EST on Sunday, after three successive sessions in a row of gains. The New York Stock Exchange is falling 0.34% to $14,467.80, after three successive sessions in a row of gains. This seems, up to now, a somewhat negative trend trading session today.
FedEx’s last close was $292.26, 10.95% below its 52-week high of $305.66.
FedEx’s sales growth is 8% for the present quarter and 10.1% for the next. The company’s growth estimates for the current 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 $275.50 at 14:36 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 value 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 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, ""We found out one day, about a week before Black Friday Cyber Monday, that FedEx was going to cap us at 80 shipments a day," Jarrett Stewart, senior operations manager at Second Closet, told Business Insider.", ""Caught us off guard, and it wasn’t for the lack of asking for a heads up," Stewart said, adding that while FedEx had warned Second Closet about possible delays this holiday season, it provided nothing beyond "generic statements" when he asked about the caps."
Fedex reports earnings more than doubled, record quarterly sales. According to MarketWatch on Thu Dec 17, "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 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 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 raised prices and handled a surge in e-commerce packages this year, even after it publicly split ways in 2019 with Amazon, the biggest online retailer.", "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."
Stock alert: fedex declines 4%. According to Business Insider on Fri Dec 18, "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."