FedEx Falls 15% After Earnings Miss, Bearish Signals Raise Red Flags For Investors
Portfolio Pulse from Surbhi Jain
FedEx Corp (NYSE:FDX) experienced a significant stock drop of over 15% following a disappointing earnings report. The company reported lower-than-expected revenue and earnings due to decreased U.S. domestic priority package volumes and rising costs. FedEx has revised its full-year guidance downward, projecting low single-digit revenue growth for fiscal year 2025. Analysts have responded with downgrades and reduced price targets, and technical indicators suggest a bearish trend.
September 20, 2024 | 4:04 pm
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FedEx's stock fell over 15% after missing earnings expectations, with analysts downgrading the stock and lowering price targets. The company faces challenges with decreased package volumes and rising costs, leading to a downward revision of its full-year guidance. Technical indicators show a strong bearish trend.
FedEx's earnings miss and downward revision of guidance have led to a significant stock price drop. Analysts have downgraded the stock and reduced price targets, indicating a negative outlook. Technical indicators such as moving averages and MACD signal a bearish trend, suggesting further downside potential in the short term.
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IMPORTANCE 90
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