FedEx Corporation (FDX) Rises 1.28%

FedEx Corporation (FDX) Rises 1.28%

FedEx Corporation is a FedEx pioneered overnight delivery in 1973 and remains the world’s largest “express” package provider.

Among the biggest risers on the S&P 500 on Wednesday January 13 was FedEx Corporation ($FDX), popping some 1.28% to a price of $252.22 a share with some 2.99 million shares trading hands.

Starting the day trading at $250.50, FedEx Corporation reached an intraday high of $253.87 and hit intraday lows of $248.20. Shares gained $3.18 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 265.07 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $88.70 to $305.67.

FedEx pioneered overnight delivery in 1973 and remains the world’s largest “express” package provider. In its fiscal 2020 (ended May 2020), FedEx derived 51% of revenue from its express division, 33% from ground, and 10% from freight; its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel-delivery provider.

FedEx Corporation has its corporate headquarters located in Memphis, TN and employs 506,000 people. Its market cap has now risen to $66.86 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 3.18, and P/FCF n/a.

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