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Do Traders Think FedEx Corporation (FDX) Can Turn Around Monday?

Monday, January 10, 2022 12:03 PM | InvestorsObserver Analysts

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Do Traders Think FedEx Corporation (FDX) Can Turn Around Monday?

The market has been neutral on FedEx Corporation (FDX) stock recently. FDX gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
FedEx Corporation has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on FDX!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With FDX Stock Today?

FedEx Corporation (FDX) stock is trading at $253.82 as of 12:00 PM on Monday, Jan 10, a drop of -$10.17, or -3.85% from the previous closing price of $263.99. The stock has traded between $252.51 and $262.62 so far today. Volume today is less active than usual. So far 1,558,410 shares have traded compared to average volume of 2,272,166 shares. To see InvestorsObserver's Sentiment Score for FedEx Corporation click here.

More About FedEx Corporation

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. Click Here to get the full Stock Report for FedEx Corporation stock.

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