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Barrons.com71d agobearish

FedEx Freight Stock Is a Haven in the Market Selloff. Here’s Why.

FedEx Freight bucked the market trend on Friday, making it one of the best-performing stocks in the S&P 500 on a tough day for the market. Shares of the company, which spun out of FedEx on June 1, gained 6.4% on Friday, closing at $167.84, while the and fell 2.6% and 4.2%. FedEx Freight is likely avoiding the drawdown because shares are very new.

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Barrons.com103d agobearish

Amazon Opens Shipping Business to All Comers. FedEx Stock Tumbles.

FedEx stock dropped after Amazon unveiled a new logistics offering that could compete directly with the shipping giant’s core business.

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