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Barchart

Mark R. Hake, CFA

FedEx Stock Slumps with Lower Guidance - But Contrarians and Value Investors Gather

FedEx FDX FedEx Corp Barchart

FedEx Corp (FDX) disappointed investors yesterday with a profit drop and significantly lower revenue and earnings guidance. However, the stock is now cheap and is attracting attention from value and contrarian investors.

FDX stock is at $258.82 in midday trading on Friday, Sept. 20, down over $41. That represents a drop of -13.8% from the prior close. Moreover, this is close a 3-month low on June 21 of $253.66.

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