Market Overview

FedEx Soars Off Q4 Beat, Up 33% Since January Low

Related FDX
Can You Guess This Chart?
Fast Money Traders Share Their Q4 Picks

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).

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (FDX)

View Comments and Join the Discussion!