FedEx Corporation (FDX) dropped slightly amid mild profit booking and the last known price was $186.27 per share. The price decreased by -2.84 points or -1.5% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $14.29 million. The total upticks were valued at $102.24 million and the total downticks aggregated to $87.95 million, thereby putting the up/down ratio at 1.16,. The shares has seen a change in the share price of -4.93% on a weekly basis.In a big block trade which occurred today, the total uptick value was $18.73 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $18.73 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
FedEx Corporation has dropped 3.46% in the last five trading days, however, the shares have posted positive gains of 0.04% in the last 4 weeks. FedEx Corporation is up 7.07% in the last 3-month period. Year-to-Date the stock performance stands at 0.04%. FedEx Corporation (NYSE:FDX) witnessed a decline in the market cap on Wednesday as its shares dropped 1.5% or 2.84 points. After the session commenced at $189.28, the stock reached the higher end at $189.3 while it hit a low of $184.71. With the volume soaring to 2,076,140 shares, the last trade was called at $186.27. The company has a 52-week high of $201.57. The company has a market cap of $49,643 million and there are 266,509,289 shares in outstanding. The 52-week low of the share price is $122.78.
Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Robert B Carter (EVP Chief Info Officer) sold 34,580 shares at 191.22 per share price.On Dec 23, 2016, David J Bronczek (President/CEO/FedEx Express) sold 36,529 shares at 192.04 per share price.On Nov 9, 2016, John L Merino (CVP PRIN ACCT OFFICER) sold 10,280 shares at 181.72 per share price.
FedEx Corporation Last issued its quarterly earnings results on Dec 20, 2016. The company reported $2.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.11. Analyst had a consensus of $2.91. The company had revenue of $14900.00 million for the quarter, compared to analysts expectations of $14914.26 million. The companys revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Cowen on Dec 16, 2016 to Outperform, Raises Price Target to $ 240 from a previous price target of $180 .FedEx Corporation was Initiated by JP Morgan on Dec 13, 2016 to Overweight, Price Target of the shares are set at $233.FedEx Corporation was Downgraded by Stifel on Nov 15, 2016 to Hold, Price Target of the shares are set at $186.
FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery and global logistics, supply chain management and electronic commerce solutions.