The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fedex Corp shares valued at $91,929 were purchased by LANE AMY B on Dec 26 ’24. At $276.06 per share, LANE AMY B acquired 333 shares. The insider’s holdings grew to 333 shares worth approximately $92793.78000000001 following the completion of this transaction.
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Also, Carere Brie sold 1,958 shares, netting a total of over 607,822 in proceeds. Following the sale of shares at $310.43 each, the insider now holds 19,937 shares.
Before that, Krishnasamy Sriram had sold 8,421 shares from its account. In a trade valued at $2,611,718, the EVP CDI Off & CTO/CEO FDW traded Fedex Corp shares for $310.14 each. Upon closing the transaction, the insider’s holdings decreased to 8,421 shares, worth approximately $3.41 million.
As published in a research note from TD Cowen on December 20, 2024, Fedex Corp [FDX] has been rated up from a Hold to a Buy and the price target has been revised to $337 from $328. Analysts at Loop Capital upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of December 20, 2024, TD Cowen has reiterated its “Buy” rating for FDX. Earlier on December 03, 2024, Bernstein downgraded its rating. Their new recommendation was “a Mkt perform” for FDX stock which previously was a “an Outperform”.
Analyzing FDX Stock Performance
During the last five days, there has been a surge of approximately 2.01%. Over the course of the year, Fedex Corp shares have jumped approximately 10.16%. 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 $282.35, while a 200-day SMA reached $276.61. Nevertheless, trading volume fell to 1.78 million shares from 1.01 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 272.54, which, if violated, would cause prices to drop to 266.42. In the upper region, resistance lies at 282.54. The next price resistance is at 286.42. RSI (Relative Strength Index) is 47.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.90, which suggests the price will decrease in the coming days. Percent R is at 55.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
