FedEx Corporation (FDX) remains one of the favourite choices for institutional owners, with 78% of the company held by entities such as banks, retirement funds, and insurance companies. A number of key executive personnel, including Sriram Krishnasamy and Brie Carere, have reportedly sold substantial amounts of their holdings. However, despite these apparent sales, FedEx's share price has recently hit a new peak. The company's latest Q4 2024 earnings call hints at a positive financial performance, outpacing numerous competitors in the market. The corroboration of FedEx's healthy business outlook is further given by the appointment of a new Healthcare President and the announcement of a first-of-its-kind, data-driven commerce platform. The only slight snag is a recent global IT outage causing network disruptions. Nonetheless, FedEx's strong strategic position and initiatives place it as a promising long-term growth stock, with its earnings and positive analysis reflecting the same.
Fedex Corporation FDX News Analytics from Mon, 30 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 15:08:19 GMT -
Rating 7
- Innovation 6
- Information 7
- Rumor 4
