Why FedEx Stock Soared This Week
A rotation out of tech names and into industrials has shares of (NYSE: FDX) flying this week. As of midday Friday, the stock of the transportation services company surged 13.3%, according to data from S&P Global Market Intelligence.
FedEx shares have now jumped by more than 26% so far this year. That's about double the return of the Dow Jones Transportation Index year to date.
Image source: Getty Images.
Source Fool.com
Fedex Corp. Stock
€312.35
0.890%
With 63 Buy predictions and 2 Sell predictions Fedex Corp. is one of the favorites of our community.
However, we have a potential of -5.87% for Fedex Corp. as the target price of 294 € is below the current price of 312.35 €.
