FedEx Corp. (NYSE: FDX) stock suffered a major decline of -15.2% on 9/20/24. The shares closed at $254.64. Moreover, trading volume in this decline was exceptionally high at 1059% of normal. Relative to the market the stock has been strong over the last nine months but has declined -11.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FDX is expected to continue to be a major Value Builder.
FedEx has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. FedEx has a good Appreciation Score of 71 and a good Power Rating of 78, and the Highest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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