FedEx Stock Dips: Another Reason to Fear Recession Is Near
FedEx(FDX) MarketBeat·2024-09-20 22:26
FedEx TodayFDXFedEx$256.00 -44.39 (-14.78%) 52-Week Range$224.69▼$313.84Dividend Yield2.16%P/E Ratio14.86Price Target$314.58Add to WatchlistFedEx Corporation NYSE: FDX is a solid business, but its latest results give another reason to fear that a recession is near. The company underperformed in all metrics, contracting versus an expectation to grow and reducing guidance in what may be the first of several reductions this year. The FedEx news sent ripples of fear through the entire transportation sector, dri ...