Trade-Ideas: FedEx (FDX) Is Today's Pre-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified FedEx ( FDX) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified FedEx as such a stock due to the following factors:

  • FDX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $227.7 million.
  • FDX traded 56,502 shares today in the pre-market hours as of 8:09 AM.
  • FDX is up 3% today from yesterday's close.

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More details on FDX:

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The stock currently has a dividend yield of 0.5%. FDX has a PE ratio of 22.8. Currently there are 10 analysts that rate FedEx a buy, no analysts rate it a sell, and 9 rate it a hold.

The average volume for FedEx has been 1.4 million shares per day over the past 30 days. FedEx has a market cap of $43.7 billion and is part of the services sector and transportation industry. The stock has a beta of 1.19 and a short float of 2% with 2.73 days to cover. Shares are up 7.1% year-to-date as of the close of trading on Monday.

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