How Is The Market Feeling About FedEx?
Portfolio Pulse from Benzinga Insights
FedEx's (NYSE:FDX) short interest has increased by 20.39% since the last report, with 4.14 million shares sold short, representing 1.83% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 3.98%.
May 13, 2024 | 6:00 pm
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The increase in short interest for FedEx suggests a bearish sentiment among investors, although it's below the peer average, indicating relative strength.
The rise in short interest typically indicates a bearish outlook from traders expecting the stock price to fall. However, being below the peer average in short interest suggests that FedEx is viewed more favorably than its competitors, potentially mitigating some negative impact. The short-term impact is likely negative due to the increased bearish sentiment, but the comparison with peers suggests underlying strength that might limit downside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90