FedEx Corporation (FDX) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on September 21, climbing 6.89% to wrap the day at $173.86 after closing the day prior at $162.65. Throughout the trading session, shares of FDX rose as high as $174.32 and dipped as low as $170.61. Today’s advance came with about 5.28 million shares changing hands, compared to an average 30-day volume of 1.23 million for FedEx Corporation. The price is currently below the 30-day volume weighted average price of $172.62 for FDX.
The share appreciation today gives the company a market capitalization of $43.19 billion based upon 265.52 million shares outstanding. It also means that FDX has a price-to-book ratio of 3.13:1.
In the past 52 weeks, shares of FDX have traded as low as $119.71 and as high as $169.57. Technical traders will take note that at $173.86, shares of FDX are trading above their 200-day MA at $153.14 and above their 50-day MA at $162.78. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is FDX?
FedEx Corp provides a portfolio of transportation, e-commerce and business services. Its operating business segments are FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and TNT Express. The company’s 400000 employees are led by CEO Frederick W. Smith from the corporate headquarters at 942 South Shady Grove Road in Memphis, TN.
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