Why FedEx Shares Gained Ground in November
FedEx (NYSE: FDX) has delivered for investors in 2020, and the company kept on trucking in November. Its shares gained 10.4% for the month, according to data provided by S&P Global Market Intelligence, as excitement built toward what could be a holiday season for the record books.
Last year was miserable for FedEx shareholders. The stock underperformed the S&P 500 by more than 30 percentage points in 2019 due to macroeconomic issues and higher expenses as FedEx invested in building out its infrastructure. But those investments are paying off, and the shares have nearly doubled thus far in 2020.
Image source: FedEx.
Source Fool.com
