FDX has been in the news 450% more than usual
Mar 23, 2025, 2:30 AM
-9.89%
What does FDX do
FedEx is a Memphis-based holding company providing transportation, ecommerce, and business services, employing 306,000 people. Its segments include FedEx Express, Ground, Freight, and Services, offering various shipping solutions.
FDX has been in the news recently: FedEx shares dropped over 8% after the company revised its earnings forecast downwards to $18-$18.60 per share, prompting Loop Capital to downgrade its rating from hold to sell. Factors such as U.S. economic weakness and soft demand contributed to this decision, while Goldman Sachs maintained a "buy" rating on Nike amid its ongoing turnaround.
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