| April 7th, 2023 8:48 AMFedEx Takes Flight; Analysts See More Gains Ahead
FedEx Corp. (NYSE: FDX) delivered for investors on April 6, with shares flying 1% higher, driven by heavier-than-normal trading volume.
The price move followed the company’s announcement at an investor’s event that it would consolidate its operating units into one organization. The idea is to create efficiencies, which is corporate speak for cutting costs.