FedEx Soars Off Q4 Beat, Up 33% Since January Low
FedEx Corporation (NYSE: FDX) 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 pre-market sessions has carried over into the regular session. After $11+ 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).
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