Will FedEx Corporation Go Down Anytime Soon? Option Trader Believe So

 Will FedEx Corporation Go Down Anytime Soon? Option Trader Believe So

In today’s session FedEx Corporation (FDX) recorded an unusually high (291) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious FDX decrease. With 291 contracts traded and 46474 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: FDX161118P00167500 closed last at: $1.46 or 14.1% down. About 521,892 shares traded hands. FedEx Corporation (NYSE:FDX) has risen 7.94% since April 5, 2016 and is uptrending. It has outperformed by 5.98% the S&P500.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Out of 23 analysts covering FedEx (NYSE:FDX), 11 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 48% are positive. $210 is the highest target while $15.50 is the lowest. The $161.19 average target is -9.61% below today’s ($178.32) stock price. FedEx has been the topic of 42 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Wood maintained FedEx Corporation (NYSE:FDX) on Wednesday, September 2 with “Market Perform” rating. The stock has “Buy” rating given by Stifel Nicolaus on Monday, February 22. On Thursday, March 17 the stock rating was downgraded by Standpoint Research to “Hold”. The stock has “Equal Weight” rating given by Barclays Capital on Monday, November 2. The rating was maintained by Stifel Nicolaus on Wednesday, September 21 with “Buy”. The firm has “Buy” rating by Standpoint Research given on Wednesday, January 20. The firm has “Peer Perform” rating by Wolfe Research given on Monday, November 30. On Monday, December 14 the stock rating was downgraded by Raymond James to “Mkt Perform”. The stock of FedEx Corporation (NYSE:FDX) has “Outperform” rating given on Thursday, September 17 by Cowen & Co. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, September 21.

According to Zacks Investment Research, “FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery and global logistics, supply chain management and electronic commerce solutions.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.21, from 1.03 in 2016Q1. The ratio fall, as 66 funds sold all FedEx Corporation shares owned while 373 reduced positions. 75 funds bought stakes while 285 increased positions. They now own 192.17 million shares or 6.59% less from 205.72 million shares in 2016Q1.
North Star Asset Management holds 0.6% or 31,526 shares in its portfolio. Winslow Evans & Crocker last reported 270 shares in the company. Parametric Associates reported 510,944 shares or 0.12% of all its holdings. Nordea Inv Ab owns 256,069 shares or 0.11% of their US portfolio. Beck Mack And Oliver Limited Co has invested 0.6% of its portfolio in FedEx Corporation (NYSE:FDX). Kistler last reported 0.19% of its portfolio in the stock. The New York-based Blackrock has invested 0.14% in FedEx Corporation (NYSE:FDX). Verition Fund Management Limited Co, a Connecticut-based fund reported 45,004 shares. Princeton Alpha Mgmt Limited Partnership, a New Jersey-based fund reported 3,461 shares. Gateway Inv Advisers Ltd Liability Corporation last reported 21,533 shares in the company. Scotia accumulated 0.14% or 45,944 shares. Arcadia Management Corp Mi last reported 0.02% of its portfolio in the stock. Invesco has 483,804 shares for 0.03% of their US portfolio. Moreover, Virginia Retirement System Et Al has 0.06% invested in FedEx Corporation (NYSE:FDX) for 27,600 shares. Aberdeen Asset Management Public Limited Liability Company Uk holds 0.03% or 61,127 shares in its portfolio.

Insider Transactions: Since July 22, 2016, the stock had 0 insider purchases, and 8 insider sales for $28.23 million net activity. DUCKER MICHAEL L had sold 5,000 shares worth $792,125. On Monday, October 10 the insider RICHARDS CHRISTINE P sold $13.90 million. $5.76 million worth of FedEx Corporation (NYSE:FDX) shares were sold by BRONCZEK DAVID J. 2,882 shares with value of $468,697 were sold by EDWARDSON JOHN A on Friday, August 5. Maier Henry J also sold $920,874 worth of FedEx Corporation (NYSE:FDX) shares. On Wednesday, September 28 the insider CARTER ROBERT B sold $4.39 million. On Tuesday, August 2 the insider GRAF ALAN B JR sold $1.18 million.

FedEx Corporation provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The company has a market cap of $47.39 billion. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. It has a 26.49 P/E ratio. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight.

FDX Company Profile

FedEx Corporation (FedEx), incorporated on October 2, 1997, provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight. TNT Express segment collects, transports and delivers documents, parcels and freight on a day-definite or time-definite basis. The FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides the Company’s other companies with sales, marketing, information technology, communications, customer service and other back-office support.

Another recent and important FedEx Corporation (NYSE:FDX) news was published by Investorplace.com which published an article titled: “Trade of the Day: Buy FedEx Corporation (FDX) Stock at THIS Price” on October 20, 2016.

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