FedEx Corporation (FDX) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock is now up 14.33% over the past one-month time frame.
This air freight stock witnessed 2 upward revisions over the past 30 days. The Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for FedEx. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
FedEx Corporation carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
However, some better-ranked stocks in the same sector include Air Transport Services Group, Inc. (ATSG), Atlas Air Worldwide Holdings Inc. (AAWW) and Deutsche Post AG (DPSGY). All these stocks sport a Zacks Rank #2 (Buy).
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