FedEx Corporation (NYSE:FDX) traded at a new 52-week high today of $319.90. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.
FedEx pioneered overnight delivery in 1973 and remains the world’s largest “express” package provider. In its fiscal 2020 (ended May 2020), FedEx derived 51% of revenue from its express division, 33% from ground, and 10% from freight; its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth- largest global parcel-delivery provider.
FedEx Corporation (NYSE:FDX) is currently priced 61.6% above its average consensus analyst price target of $122.01.
In the past 52 weeks, shares of FedEx Corporation have traded between a low of $121.94 and a high of $319.90 and is now at $317.80, which is 161% above that low price.
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