FedEx shares are trading higher amid a rebound after the stock dropped yesterday following the company's Q4 revenue results, FY24 outlook and the CFO's comments about margin contractions.
Portfolio Pulse from Benzinga Newsdesk
FedEx shares are recovering after a drop following the company's Q4 revenue results, FY24 outlook, and the CFO's comments on margin contractions.
June 22, 2023 | 4:07 pm
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FedEx shares are trading higher after a drop due to Q4 revenue results, FY24 outlook, and the CFO's comments on margin contractions.
FedEx shares are directly impacted by the company's Q4 revenue results, FY24 outlook, and the CFO's comments on margin contractions. The rebound in share price indicates that investors may have initially overreacted to the news, and the stock is now recovering.
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IMPORTANCE 80
RELEVANCE 100