In a filing, Fedex Corp revealed its Executive Chairman SMITH FREDERICK W unloaded Company’s shares for reported $31.11 million on Apr 09 ’24. In the deal valued at $274.30 per share,113,400 shares were sold. As a result of this transaction, SMITH FREDERICK W now holds 14,505,844 shares worth roughly $3.78 billion.
Then, Brightman Tracy B sold 2,550 shares, generating $703,010 in total proceeds. Upon selling the shares at $275.69, the EVP – Chief People Officer now owns 6,294 shares.
Before that, Subramaniam Rajesh sold 18,384 shares. Fedex Corp shares valued at $5,047,342 were divested by the President/CEO at a price of $274.55 per share. As a result of the transaction, Subramaniam Rajesh now holds 55,487 shares, worth roughly $14.44 million.
Exane BNP Paribas downgraded its Fedex Corp [FDX] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late March has reiterated a ‘”an Outperform”‘ rating for it. Melius also remained covering FDX and has increased its forecast on January 08, 2024 with a “Buy” recommendation from previously “Hold” rating. TD Cowen maintained its rating on December 12, 2023. It rated FDX as “an Outperform”.
Price Performance Review of FDX
On Monday, Fedex Corp [NYSE:FDX] saw its stock fall -0.14% to $260.29. Over the last five days, the stock has lost -2.10%. Fedex Corp shares have risen nearly 2.89% since the year began. Nevertheless, the stocks have risen 14.98% over the past one year. While a 52-week high of $291.27 was reached on 03/22/24, a 52-week low of $213.80 was recorded on 02/16/24. SMA at 50 days reached $263.69, while 200 days put it at $256.51. A total of 0.93 million shares were traded, compared to the trading of 1.09 million shares in the previous session.
Levels Of Support And Resistance For FDX Stock
The 24-hour chart illustrates a support level at 259.31, which if violated will result in even more drops to 258.32. On the upside, there is a resistance level at 262.14. A further resistance level may holdings at 263.98. The Relative Strength Index (RSI) on the 14-day chart is 41.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.39%. Stochastics %K at 8.56% indicates the stock is a buying.
