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.
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Source Fool.com
Fedex Corp. Stock
€298.65
-1.760%
The stock is one of the favorites of our community with 69 Buy predictions and 3 Sell predictions.
With a target price of 309 € there is a slightly positive potential of 3.47% for Fedex Corp. compared to the current price of 298.65 €.
