Overall market sentiment has been high on FedEx Corporation (FDX) stock lately. FDX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
FedEx Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FDX!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With FDX Stock Today?
FedEx Corporation (FDX) stock is trading at $171.37 as of 9:48 AM on Wednesday, Nov 16, a loss of -$4.98, or -2.82% from the previous closing price of $176.35. The stock has traded between $171.31 and $175.62 so far today. Volume today is less active than usual. So far 69,522 shares have traded compared to average volume of 3,652,862 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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