FedEx Soars Off Q4 Beat

Fed Ex Corp

shares are trading higher by $15.60 at $159.87 in Thursday's session. The catalyst for the rally is a Q4 beat of $0.16 along with slightly better revenues. The rally from the after-hours and premaket session has carried over into the regular session. After $11 plus higher open, it retreated to $154.08 before continuing higher. So far, it has reached $160.19, which is the first time is has traded over $160, since December when it peaked at $160.67. It has now added over $50 or 33 percent since its January 20 low ($119.71).