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Where Will FedEx Corporation (FDX) Stock Go Next After It Is Higher By 4.37% in a Week?

Monday, September 14, 2020 11:51 AM | InvestorsObserver Analysts

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Where Will FedEx Corporation (FDX) Stock Go Next After It Is Higher By 4.37% in a Week?

FedEx Corporation (FDX) stock has gained 4.37% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
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.

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 $236.00 as of 11:46 AM on Monday, Sep 14, a rise of $3.26, or 1.4% from the previous closing price of $232.74. The stock has traded between $233.33 and $241.00 so far today. Volume today is 2,653,522 compared to average volume of 3,137,434.

To see InvestorsObserver's Sentiment Score for FedEx Corporation click here.

More About FedEx Corporation

FedEx Corp pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2019, FedEx derived 54% of revenue from its express division, 29% from ground, and 11% 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 Score Report on FedEx Corporation (FDX) Stock.

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