Why FedEx Stock Just Dropped
FedEx Corporation (NYSE: FDX) stock crashed nearly 19% through 11:15 a.m. ET this morning -- but don't panic. This apparent disaster isn't what meets the eye.
Instead of a sell-off, what you're seeing is a spin-off.
Source Fool.com
Fedex Corp. Stock
€266.70
0.370%
The stock is one of the favorites of our community with 78 Buy predictions and 3 Sell predictions.
With a target price of 309 € there is a slightly positive potential of 15.86% for Fedex Corp. compared to the current price of 266.7 €.
