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FedEx Stock Plunges After Earnings. Wall Street Still Believes in Its Turnaround Plan.

Por: MarketWatch Business December 20, 2023

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Shares were down 9.5% to $253.31 in premarket trading after its disappointed the market. and futures were both down about 0.2%. The stock drop was set to wipe out a month’s worth of gains for the shares but FedEx came into the earnings report having risen 62% this year.   The impressive rally has been largely built on . While FedEx’s lowered revenue guidance was a major disappointment, analysts still believe it is delivering when it comes... + full article



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