In a filing, Fedex Corp revealed its EVP/Chief Customer Officer Carere Brie unloaded Company’s shares for reported $0.61 million on Jul 18 ’24. In the deal valued at $310.43 per share,1,958 shares were sold. As a result of this transaction, Carere Brie now holds 19,937 shares worth roughly $5.85 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Krishnasamy Sriram sold 8,421 shares, generating $2,611,718 in total proceeds. Upon selling the shares at $310.14, the EVP CDI Off & CTO/CEO FDW now owns 12,246 shares.
Before that, Ellison Marvin R sold 2,535 shares. Fedex Corp shares valued at $758,831 were divested by the Director at a price of $299.34 per share. As a result of the transaction, Ellison Marvin R now holds 6,955 shares, worth roughly $2.04 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late June from “a Neutral” to “an Overweight”. TD Cowen also remained covering FDX and reiterated its “Buy” recommendation on June 26, 2024. Wells Fargo started covering the stock on June 07, 2024. It rated FDX as “an Equal weight”.
Price Performance Review of FDX
On Tuesday, Fedex Corp [NYSE:FDX] saw its stock fall -1.77% to $293.48. Over the last five days, the stock has lost -1.26%. Fedex Corp shares have risen nearly 16.01% since the year began. Nevertheless, the stocks have risen 12.44% over the past one year. While a 52-week high of $313.84 was reached on 07/16/24, a 52-week low of $224.69 was recorded on 02/16/24. SMA at 50 days reached $293.27, while 200 days put it at $265.54.
Levels Of Support And Resistance For FDX Stock
The 24-hour chart illustrates a support level at 290.97, which if violated will result in even more drops to 288.47. On the upside, there is a resistance level at 296.57. A further resistance level may holdings at 299.67. The Relative Strength Index (RSI) on the 14-day chart is 52.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.92%. Stochastics %K at 88.57% indicates the stock is a selling.
How much short interest is there in Fedex Corp?
A steep rise in short interest was recorded in Fedex Corp stocks on 2024-08-15, dropping by -1.13 million shares to a total of 2.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.01 million shares. There was a decline of -39.44%, which implies that there is a negative sentiment for the stock.
