Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fedex Corp shares valued at $607,822 were sold by Carere Brie on Jul 18 ’24. At $310.43 per share, Carere Brie sold 1,958 shares. The insider’s holdings dropped to 19,937 shares worth approximately $5.27 million following the completion of this transaction.
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
Also, Krishnasamy Sriram sold 8,421 shares, netting a total of over 2,611,718 in proceeds. Following the sale of shares at $310.14 each, the insider now holds 12,246 shares.
Before that, Ellison Marvin R had sold 2,535 shares from its account. In a trade valued at $758,831, the Director traded Fedex Corp shares for $299.34 each. Upon closing the transaction, the insider’s holdings decreased to 2,535 shares, worth approximately $1.84 million.
As published in their initiating research note from Citigroup on October 09, 2024, Fedex Corp [FDX] has been a Buy and the price target has been revised to $301. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in mid September. As of September 20, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for FDX. Earlier on September 20, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Hold” for FDX stock which previously was a “a Buy”.
Analyzing FDX Stock Performance
During the last five days, there has been a surge of approximately 0.84%. Over the course of the year, Fedex Corp shares have jumped approximately 4.47%. Shares of the company reached a 52-week high of $313.84 on 07/16/24 and a 52-week low of $234.45 on 02/16/24. A 50-day SMA is recorded $281.62, while a 200-day SMA reached $267.22. Nevertheless, trading volume fell to 0.87 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for Fedex Corp (FDX)
According to the 24-hour chart, there is a support level at 262.99, which, if violated, would cause prices to drop to 261.70. In the upper region, resistance lies at 265.77. The next price resistance is at 267.26. RSI (Relative Strength Index) is 40.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.38, which suggests the price will decrease in the coming days. Percent R is at 58.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
