US31428X1063 - Common Stock
Unusual volume S&P500 stocks in Friday's session
The logistics giant hopes to unlock more value in making FedEx Freight a standalone public company, all while competing for more volume.
FDX's second-quarter fiscal 2025 earnings improve year over year while revenues decline year over year.
Micron, Vertex, Novo Nordisk and Nike were notable losers on news.
FedEx's (FDX) annual guidance reduction could raise some "quality" concerns, while its plan to spin
Nike downgraded, FedEx upgraded: Wall Street's top analyst calls
These are the stocks posting the largest moves in premarket trading.
The logistics giant said the full separation of FedEx Freight is expected to be achieved in a tax-efficient manner for shareholders and executed within the next 18 months.
News of the day for Dec. 20, 2024
FedEx's decision to spin off its freight truckload segment will strengthen the business while allowing the parcel delivery giant to better tackle challenges in its core operations, analysts said on Friday. FedEx Freight, the largest U.S. provider of less-than-truckload (LTL) services, could be valued between $30 billion and $35 billion, as per an estimate from Citi. Analysts have long argued that Freight was undervalued within FedEx, which has been slashing expenses and consolidating its express and ground operations in recent quarters.
FedEx shares moved sharply higher in extended trading on Thursday after the shipping giant announced plans to spin off its freight business as a separate public company, news that overshadowed a lowered full-year outlook. Monitor these important chart levels.
FDX earnings call for the period ending September 30, 2024.
FedEx CEO Raj Subramaniam said his company can do well even if there is a supply chain shakeup.
Why the dividend investor may take a look at FEDEX CORP (NYSE:FDX).
Top movers analysis one hour before the close of the markets of S&P500 on 2024-12-03: top gainers and losers in today's session.
Top S&P500 movers in Tuesday's session
These S&P500 stocks are gapping in today's session
Let's have a look at the S&P500 gap up and gap down stocks in today's session.