FedEx Corporation (FDX) stock has risen 3.98% over the past week and gets a Bullish rating from InvestorsObserver 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!
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.
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 has risen 1.78% while the S&P 500 has fallen -0.6% as of 2:04 PM on Monday, Aug 1. FDX has gained $4.15 from the previous closing price of $233.09 on volume of 1,117,241 shares. Over the past year the S&P 500 is lower by -6.42% while FDX has fallen -14.09%. FDX earned $14.36 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.52.
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.
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