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Buy FedEx's stock on the big dip, analyst says

Posted on AllSides December 20th, 2023
From The Center

Shares of FedEx Corp. have fallen so much on the back of the package delivery giant’s earnings miss, that it has created an attractive buying opportunity for investors, one Wall Street analyst said. The stock FDX, tumbled 10.7% in morning trading, enough to pace the S&P 500 index’s decliners, and to put it on track for the biggest one-day selloff in 15 months. The stock has pared some losses, as it was down as much as 12.1% at its post-open intraday low of $246.05, and as much as 14.5% at...

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