FedEx board member buys $1.1 million in shares
David P Steiner, a member of the board of directors at FedEx Corp (FDX), bought 7,000 shares of the company’s common stock on Jan 2. At $162.92 per share, Steiner paid a total of $1,140,446 for the new shares.
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About FedEx Corporation
FedEx pioneered overnight delivery in 1973 and remains the world's largest express delivery firm. In fiscal 2018, FedEx derived about 55% of its $65 billion top line from its express division, 28% of sales from Ground, and 10% from its Freight less-than-truckload trucking segment. FedEx Office provides document production and shipping services, and Trade Networks offers freight forwarding. FedEx acquired the Dutch parcel delivery firm, TNT Express, in 2016.