FedEx Rises On Unusually High Volume (FDX)

NEW YORK ( TheStreet) -- FedEx Corporation (NYSE: FDX) is trading at unusually high volume Tuesday with five million shares changing hands. It is currently at two times its average daily volume and trading up $6.66 (+6.7%) at $105.49 as of 11:05 a.m. ET.

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FedEx has a market cap of $31.36 billion and is part of the services sector and transportation industry. Shares are up 7.8% year to date as of the close of trading on Monday.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services.

TheStreet Ratings rates FedEx as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full FedEx Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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