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Barchart
Barchart
Pathikrit Bose

Here's How Much FedEx Stock the CFO Bought After Earnings

To say that FedEx's (FDX) latest results for its fiscal second quarter were a disappointment would be an understatement. The shipping and logistics giant missed Wall Street's expectations on both the top and bottom line, and sparked selling across equity markets by issuing softer-than-expected revenue guidance for fiscal 2024. 

Viewed as a business bellwether, shares of FDX cratered 12% in a single session as traders reacted to the news, and the stock has yet to recover.

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