FedEx ( (FDX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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FedEx shares have risen as the company issued a positive earnings guidance for the current quarter, which has bolstered investor confidence. Despite facing operational challenges from the grounding of MD-11 planes, FedEx anticipates both sequential and year-over-year earnings improvements. While there are concerns about potential shipping delays and the effects of a U.S. government shutdown, analysts continue to hold a moderate buy consensus on the stock.
More about FedEx
YTD Price Performance: -8.09%
Average Trading Volume: 1,892,293
Technical Sentiment Signal: Strong Buy
Current Market Cap: $61.84B
For further insights into FDX stock on TipRanks’ Stock Analysis page.
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