Fedex Corp’s filing revealed that 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 $5.46 million.
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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 $1.9 million.
TD Cowen reiterated its Fedex Corp [FDX] rating to a Buy in a research note published on September 20, 2024; the price target was $328. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid September from “an Equal-weight” to “an Underweight”. HSBC Securities also remained covering FDX and has decreased its forecast on September 20, 2024 with a “Hold” recommendation from previously “Buy” rating.
Price Performance Review of FDX
On Monday, Fedex Corp [NYSE:FDX] saw its stock jump 2.29% to $273.68. Over the last five days, the stock has gained 5.75%. Fedex Corp shares have risen nearly 8.19% since the year began. Nevertheless, the stocks have risen 2.72% 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 $287.57, while 200 days put it at $267.36.
Levels Of Support And Resistance For FDX Stock
The 24-hour chart illustrates a support level at 269.58, which if violated will result in even more drops to 265.47. On the upside, there is a resistance level at 277.27. A further resistance level may holdings at 280.85. The Relative Strength Index (RSI) on the 14-day chart is 44.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.97%. Stochastics %K at 28.78% indicates the stock is a holding.
How much short interest is there in Fedex Corp?
A steep rise in short interest was recorded in Fedex Corp stocks on 2024-09-13, dropping by 84471.0 shares to a total of 2.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.88 million shares. There was a decline of -3.03%, which implies that there is a negative sentiment for the stock.
