FedEx Corporation (FDX): Today's Featured Transportation Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelFedEx Corporation (FDX) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day up 0.2%. By the end of trading, FedEx Corporation fell $1.12 (-1.1%) to $98.66 on light volume. Throughout the day, 1,820,747 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2,738,600 shares. The stock ranged in price between $98.54-$99.98 after having opened the day at $99.95 as compared to the previous trading day's close of $99.78. Other companies within the Transportation industry that declined today were: Gol Intelligent Airlines (GOL), down 6.6%, FreeSeas (FREE), down 5.2%, LATAM Airlines Group S.A (LFL), down 4.6% and Sino-Global Shipping America (SINO), down 4.5%.
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