Fedex Corp’s recent filing unveils that its Director STEINER DAVID P unloaded Company’s shares for reported $0.41 million on Jul 02 ’24. In the deal valued at $297.71 per share,1,369 shares were sold. As a result of this transaction, STEINER DAVID P now holds 35,183 shares worth roughly $10.49 million.
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Then, Allen Mark R sold 77,930 shares, generating $23,044,256 in total proceeds. Upon selling the shares at $295.70, the EVP GENL COUNSEL/SECTY now owns 34,965 shares.
Before that, CARTER ROBERT B sold 16,010 shares. Fedex Corp shares valued at $4,714,625 were divested by the EVP / Chief Info Officer at a price of $294.48 per share. As a result of the transaction, CARTER ROBERT B now holds 59,884 shares, worth roughly $17.86 million.
JP Morgan upgraded its Fedex Corp [FDX] rating to an Overweight from a a Neutral in a research note published on June 26, 2024; the price target was increased to $359 from $296. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late June has reiterated a ‘”a Buy”‘ rating for it. Wells Fargo began covering FDX with “an Equal weight” recommendation on June 07, 2024. Exane BNP Paribas revised its rating on March 27, 2024. It rated FDX as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of FDX
On Tuesday, Fedex Corp [NYSE:FDX] saw its stock fall -0.15% to $298.22. Over the last five days, the stock has gained 16.32%. Fedex Corp shares have risen nearly 17.89% since the year began. Nevertheless, the stocks have risen 20.30% over the past one year. While a 52-week high of $302.41 was reached on 06/28/24, a 52-week low of $224.69 was recorded on 02/16/24. SMA at 50 days reached $260.12, while 200 days put it at $255.95. A total of 1.75 million shares were traded, compared to the trading of 2.47 million shares in the previous session.
Levels Of Support And Resistance For FDX Stock
The 24-hour chart illustrates a support level at 296.07, which if violated will result in even more drops to 293.92. On the upside, there is a resistance level at 300.79. A further resistance level may holdings at 303.36. The Relative Strength Index (RSI) on the 14-day chart is 78.64, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 31.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.04%. Stochastics%K at 94.12% indicates the stock is a selling.
The most recent change occurred on March 22, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $320.
