FDX FedEx Corp

FedEx Corporation (FDX) is currently at $167.60, down $17.41 or 9.41%

-- Would be lowest close since Sept. 20, 2016 when it closed at $162.65

-- On pace for largest percent decrease since Dec. 9, 2008 when it fell 14.48%

-- On Tuesday, FedEx reported a second quarter profit of $935 million, compared with $866 million a year ago. Revenue was $17.8 billion. For the full year, FedEx lowered its per-share earnings forecast for the current fiscal year to $12.65 to $13.40 a share from $15.50 to $16.60

-- The company said Tuesday it was starting a voluntary buyout program for some U.S. workers after troubles in its express delivery business and a European acquisition hurt profit

-- Earlier Wednesday, Benzinga reported that four firms cut their price target on FedEx

-- Currently down 10 of the past 11 days

-- Down 26.81% month-to-date

-- Down 32.83% year-to-date; on pace for worst year since 1987 when it fell 36.83%

-- Down 33.24% from 52 weeks ago (Dec. 20, 2017), when it closed at $251.07

-- Would be a new 52 week closing low

-- Worst performer in the S&P 500 today

All data as of 10:46:13 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

December 19, 2018 11:16 ET (16:16 GMT)

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