FedEx stock dropped 15% after missed earnings, but analysts predict quick rebound

From Nasdaq: 2024-09-25 07:30:00

1. FedEx Corporation (NYSE: FDX) disappointed investors with a 15% drop in shares following a missed earnings report, falling 24% below analyst expectations and providing weak forward guidance.

2. Despite the weak outlook, FedEx shares showed resilience as buyers outweighed sellers the day after the report, with bullish analysts supporting the stock as a potential entry opportunity.

3. Technical indicators like the Relative Strength Index (RSI) suggest that FedEx shares are oversold, with potential for a quick rebound if shares consolidate above $255 and leverage off the recent dip.



Read more at Nasdaq:: FedEx Stock Dips: Why Analysts See a Quick Rebound Coming