PreMarket Prep Stock Of The Day: Buying FedEx On The Dip After Q3 Earnings
BenzingaNot all companies follow the same fiscal year, and one of those companies is FedEx Corp (NYSE: FDX), which just reported third-quarter earnings.
The corresponding price action makes FedEx the PreMarket Prep Stock of the Day.
Short-Term FedEx Price Action: Whereas the S&P 500 index made its recent low for the move on Feb. 24, the issue did not bottom until March 8 at $199.03. That is the first time the issue has traded sub-$200 since August 2020.
The issue caught a bid with the remainder of the market and reached its highest level since making that low on Thursday at $229.42. It backed off from that high to end the session at $227.98.
FedEx's Mixed Q3 Report: After …
