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).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report