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Updated · MarketWatch · Apr 30FedEx stock hits new 52-week high after rally
6 articles · Updated · MarketWatch · Apr 30
- Shares rose 3.79% to $403.31 on Thursday, topping the previous $399.67 peak set on 21 April.
- FedEx outperformed rivals in a broadly stronger market, with UPS up 2.05%, ZTO Express up 0.87%, the S&P 500 rising 1.02% and the Dow gaining 1.62%.
- Trading volume reached 1.9 million shares, above the stock's 50-day average of 1.8 million, signalling stronger-than-usual investor activity.
FedEx's stock is at a record high. Can its restructuring truly shield it from future global trade and economic shocks? Beyond cost-cutting, how is FedEx using AI to fundamentally change its competition with rivals like UPS and Amazon? With the Freight spin-off imminent, what does the future hold for FedEx's core Express and Ground network integration?