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FedEx (FDX) Looks Good: Stock Adds 6.6% in Session

Zacks Equity Research

FedEx Corporation FDX was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 17.8% in the past one-month time frame.

The company has seen four positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for FedEx. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

FedEx currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

 

FedEx Corporation Price

FedEx Corporation Price
FedEx Corporation Price

FedEx Corporation price | FedEx Corporation Quote

 

A better-ranked stock in the Transportation sector isUnited Parcel Service UPS, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
 
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