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Exane BNP Paribas’s latest rating for FDX stock

CHWY Stock

Fedex Corp’s recently made public that 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 $3.87 billion.

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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 $14.81 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 jump 0.44% to $266.89. Over the last five days, the stock has gained 2.54%. Fedex Corp shares have risen nearly 5.50% since the year began. Nevertheless, the stocks have risen 18.70% 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 $265.48, while 200 days put it at $256.51. A total of 2.04 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 265.17, which if violated will result in even more drops to 263.45. On the upside, there is a resistance level at 268.47. A further resistance level may holdings at 270.05. The Relative Strength Index (RSI) on the 14-day chart is 54.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.61%. Stochastics %K at 53.58% indicates the stock is a holding.

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