FedEx Corporation $FDX Shares Sold by M&T Bank Corp

robot
Abstract generation in progress

M&T Bank Corp significantly reduced its stake in FedEx Corporation ($FDX) by 84.3% in Q4, selling over 96,000 shares. This comes as FedEx reported strong earnings, beating analyst estimates with $5.25 EPS and $24 billion in revenue, leading to a “Moderate Buy” consensus rating from analysts. However, company insiders have also sold a considerable number of shares, and while institutional investors largely own 84.47% of the stock, recent short interest has increased.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin