Overall market sentiment has been down on FedEx Corporation (FDX) stock lately. FDX receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
FedEx Corporation has a Bearish 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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With FDX Stock Today?
FedEx Corporation (FDX) stock is trading at $249.37 as of 1:07 PM on Monday, Sep 20, a loss of -$5.85, or -2.29% from the previous closing price of $255.22. The stock has traded between $249.36 and $253.98 so far today. Volume today is low. So far 1,381,518 shares have traded compared to average volume of 2,010,203 shares.
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.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
