FedEx shares surge over 13% as investors welcome $1.8 b reduction in structural costs
FedEx(FDX) Invezz·2024-06-26 19:27
Follow Invezz on Telegram , Twitter , and Google News for instant updates >FedEx Corp. shares surged over 13% in Wednesday’s premarket session following the company’s announcement of significant structural cost reductions for fiscal year 2024. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Investors reacted positively to the news, which is part of FedEx’s broader strategic initiative aimed at enhancing efficiency and profitability. Cost-cutting measu ...