Cryptocurrency
FedEx fell the most in a day in 40 years after warning on profits
Shares of FedEx Corporation (NYSE: FDX) are expected to trade between $153.7 and $162.5. The overall recommendation is Sell
FedEx Corporation Stock Latest Price for 18.09.2022
Metric | Value | Trend |
Share Volume | 34.20 M | Higher |
Average Share Volume | 3.29 M | NA |
Forward PE (1 Year) | 8.90 | NA |
FedEx Corporation Stock Performance Chart
Stock Name | 1 day | 5 day | 1 Month | 6 Month | YTD | 1 Year |
FDX Stock | -21.44% | -23.42% | -31.44% | -26.44% | -37.72% | -35.80% |
FedEx Corporation Stock Forecast: Support and Resistance
Source | Support | Resistance | Recommendation |
Investing.com | $157.6(S3) | $161.6 (R1) | Sell |
Bar chart | $149.8(S3) | $163.5(R1) | Sell |
Traders who are following the stock market for the last two decades must be thinking that they have seen it all after going through Leeman Brothers’ collapse and Covid pandemic-induced selling.
But this share market surprises one and all. On Friday (16.09.2022) FedEx Corporation stock (NYSE: FDX) has fallen 21.44% in a single day.
The share price closed at $204.80 on 15th September, opened at $159.27 on 16th September at 9:30 am, and finally closed marginally up to only $161.02 at closing hours.
This is the worst single-day fall in FedEx share prices
This is the worst single-day fall in FedEx share prices since the year 1980 and it has wiped two years of gain in a single day. FedEx Corporation has reportedly lost $11 billion in market value this fall.
With this, FDX stock has been down 35.80% in the last year, in fact, it has been one of the underperformers in the last five years after being down 26.81% in the last half a decade.
The overall market witnessed the FedEx shock ripples and Nasdaq 100 closed at 0.55% and S&P 500 closed at 0.72%. In this article, we will discuss the reasons for such a dramatic fall, and what lies ahead for FedEx stock and the overall market.
FedEx Stock Forecast: Reasons for Such a Major Fall
- Warning of sharp fall in deliveries
- Results missed the expectations by a mile
- Comments of CEO Raj Subramaniam
- Analysts have downgraded FedEx Stock
- Effect on Global Market due to FedEx Fall
- FedEx Field Stock Forecast: What Lies Ahead After this Panic Fall
- FedEx Stock Forecast: Buy, Sell or Hold
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