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Strength Seen in FedEx (FDX): Stock Moves 11.8% Higher

FedEx CorporationFDX was a big mover last session with its shares rising nearly 12% on the day. The upside came on the company's announcement of third-quarter fiscal 2016 financial results. Growth was driven by strong e-commerce trends. This development led to far more shares changing hands yesterday than in a normal session. The move continues the recent trend of the company as the stock has gained nearly 23% in the past one-month time frame.

This provider of transportation, e-commerce, and business services has seen no estimate revision in the last 7 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

FedEx currently has a Zacks Rank #3 (Hold).

Investors interested in the transportation industry may consider Atlas Air Worldwide Holdings, Inc. AAWW , which sports a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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