FedEx shares are trading higher after the company initiated a $1 billion accelerated share repurchase agreement with Mizuho Markets Americas LLC.
Portfolio Pulse from Benzinga Newsdesk
FedEx has entered into a $1 billion accelerated share repurchase agreement with Mizuho Markets Americas LLC, which has led to an increase in the trading price of FedEx shares.

December 26, 2023 | 6:50 pm
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FedEx Corporation's stock is experiencing an uptick following the announcement of a $1 billion accelerated share repurchase agreement.
The announcement of an accelerated share repurchase agreement typically signals a company's confidence in its own financial health and future prospects, which can be positive for investor sentiment. The repurchase reduces the number of shares outstanding, potentially increasing earnings per share (EPS) and the stock's value in the short term. Given the size of the agreement, this is a significant move for FedEx and is likely to be viewed positively by the market.
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IMPORTANCE 85
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