FedEx Stock Climbs on Freight Business Spinoff, Earnings
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FedEx Corp's stock rose by 4.6% to $288.64 following significant developments, including a freight business spinoff and earnings report, during the holiday shipping season.
December 20, 2024 | 3:30 pm
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FedEx's stock increased by 4.6% to $288.64 due to a freight business spinoff and earnings report, indicating positive investor sentiment during the holiday shipping season.
The stock price increase is driven by the announcement of a freight business spinoff and earnings report, which are significant events for FedEx. The timing during the holiday shipping season adds to the positive sentiment, likely boosting short-term stock performance.
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