Why FedEx Stock Is Falling Today
FedEx (NYSE: FDX) reported weaker-than-expected quarterly results after the closing bell Thursday, and lowered its profit outlook for the fiscal year.
Investors Friday don't appear interested in going along for the ride -- they've sent FedEx shares down by more than 14% as of 10:45 a.m. ET.
It has been a difficult few years for transportation companies. Rising interest rates and fears about the health of the economy have led many companies to cut back on inventories, which has in turn led to less demand for business-to-business shipments.
Source Fool.com
Fedex Corp. Stock
€250.35
0.500%
The stock is one of the favorites of our community with 62 Buy predictions and 2 Sell predictions.
With a target price of 260 € there is a slightly positive potential of 3.85% for Fedex Corp. compared to the current price of 250.35 €.
