FedEx Fell The Most In A Day In 40 Years After Warning On Profits

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FedEx fell the most in a day in 40 years after warning on profits

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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.

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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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