FedEx stock had been on the decline since the end of May 2021 but the decline seems to be coming to an end following stronger-than-expected earnings and a directive for a share buyback plan.
Investors are now lining up for the stock following its strong growth prospects borrowing from its past price movements.
To help stock investors interested in investing in FedEx stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is FedEx stock?
FedEx stock is the stock of FedEx Corporation and it trades on the New York Stock Exchange under the symbol NYSE: FDX.
FedEx Corporation was formerly known as Federal Express Corporation and later FDX Corporation before rebranding to FedEx. It is an American multinational conglomerate holding company that focuses on e-commerce, business services, and transportation.
FedEx headquarters are located in Memphis, Tennessee.
Should I buy FedEx stock today?
If you are looking for a stock dip that you can take advantage of, the FedEx stock price dip could be a great choice.
FedEx stock price prediction
Following the recent earnings report, FedEx’s share price is expected to boom again and possibly go past its previous high by the end of the first quarter of 2022.
The stock had a similar dip towards the end of 2018 and it bounced back stronger and surpassed all its previous high to register a new all-time high in May 2021.
$FDX social media coverage
The post FedEx stock surging after stronger-than-expected earnings and share buyback plan: here is where to buy it appeared first on Invezz.