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FedEx Up 14%, On Pace for Largest Percent Increase Since September 1986 — Data Talk

FedEx Corporation (FDX) is currently at $113.64, up $13.96 or 14%

 

-- Would be highest close since March 10, 2020, when it closed at $120.67

-- On pace for largest percent increase since Sept. 29, 1986, when it rose 14.86%

-- China manufacturing is ramping up and many customers are calling on FedEx aircraft to bring in fresh inventory. The cancellation of European passenger flights to the US has cut out a lot of cargo capacity, helping FedEx planes to fill up. Also, the US Ground business is growing as large retailers are fielding an increase of online orders. But Susquehanna thinks this could be short lived

-- Currently up four of the past five days

-- Currently up three consecutive days; up 25.58% over this period

-- Best three day stretch since the three days ending Nov. 2, 1978, when it rose 27.03%

-- Down 19.5% month-to-date

-- Down 24.85% year-to-date

-- Down 58.57% from its all-time closing high of $274.32 on Jan. 19, 2018

-- Down 36.51% from 52 weeks ago (March 21, 2019), when it closed at $178.99

-- Down 42.65% from its 52 week closing high of $198.15 on April 18, 2019

-- Up 25.58% from its 52 week closing low of $90.49 on March 16, 2020

-- Traded as high as $114.99; highest intraday level since March 11, 2020, when it hit $118.30

-- Up 15.36% at today's intraday high; largest intraday percent increase since Dec. 7, 1998, when it rose as much as 18.22%

 

All data as of 11:48:34 AM

 

Source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

March 19, 2020 12:17 ET (16:17 GMT)

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