Fedex Corp’s recently made public that its Director SCHWAB SUSAN C unloaded Company’s shares for reported $1.1 million on Jan 14 ’25. In the deal valued at $276.45 per share,3,980 shares were sold. As a result of this transaction, SCHWAB SUSAN C now holds 8,904 shares worth roughly $2.47 million.
Then, SCHWAB SUSAN C bought 3,980 shares, generating $1,092,868 in total proceeds.
Before that, Smith Richard W sold 2,576 shares. Fedex Corp shares valued at $713,373 were divested by the COO INTL – CEO Airline FEC at a price of $276.93 per share. As a result of the transaction, Smith Richard W now holds 111,886 shares, worth roughly $31.06 million.
TD Cowen upgraded its Fedex Corp [FDX] rating to a Buy from a a Hold in a research note published on December 20, 2024; the price target was increased to $337 from $328. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. TD Cowen also remained covering FDX and reiterated its “Buy” recommendation on December 20, 2024. Bernstein revised its rating on December 03, 2024. It rated FDX as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of FDX
On Tuesday, Fedex Corp [NYSE:FDX] saw its stock jump 1.10% to $277.62. Over the last five days, the stock has gained 1.33%. Fedex Corp shares have fallen nearly -1.32% since the year began. Nevertheless, the stocks have risen 10.67% over the past one year. While a 52-week high of $313.84 was reached on 01/02/25, a 52-week low of $234.45 was recorded on 01/13/25. SMA at 50 days reached $283.17, while 200 days put it at $277.09.
Levels Of Support And Resistance For FDX Stock
The 24-hour chart illustrates a support level at 275.27, which if violated will result in even more drops to 272.93. On the upside, there is a resistance level at 278.96. A further resistance level may holdings at 280.31. The Relative Strength Index (RSI) on the 14-day chart is 49.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.19%. Stochastics %K at 38.67% 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 2024-11-29, dropping by -0.13 million shares to a total of 4.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.16 million shares. There was a decline of -3.14%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 09, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $301 price target.
