FedEx Freight Shares Drop 12% to $141.33 in Debut, Triggering Volatility Halt
Updated
Updated · Bloomberg · Jun 1
FedEx Freight Shares Drop 12% to $141.33 in Debut, Triggering Volatility Halt
2 articles · Updated · Bloomberg · Jun 1
$141.33 marked FedEx Freight's intraday low on Monday, about 12% below its final pre-spinoff price in the stock's first session as an independent public company.
The slide was steep enough to trigger a volatility trading halt during the debut.
Transportation stocks were broadly weak on the day, and an uptick in oil prices added pressure that left FedEx Freight lagging its peers.
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