FedEx On Pace for Record Percent Increase After 4Q Earnings Report -- Data Talk

FedEx Corporation (FDX) is currently at $162.23, up $22.01 or 15.7%

-- Would be highest close since Feb. 21, 2020, when it closed at $163.25

-- Would be largest percent increase on record (Based on available data back to April 12, 1978)

-- On Tuesday, FedEx reported a fourth-quarter loss of $334 million, or $1.28 a share. FedEx's loss a year ago was $1.97 billion, or $7.56 a share. The latest results included costs related to adjustments to its retirement plan and goodwill impairment charges. The company said adjusted earnings were $2.53 a share. FactSet said analysts expected $1.58 a share in adjusted earnings for the quarter

-- Earlier Wednesday, JP Morgan upgraded FedEx to overweight from neutral and raised its price target to $188.00/share from $145.00/share, Benzinga reported. Three other firms also raised their price target on FedEx, Benzinga reported

-- Currently up four of the past five days

-- Currently up three consecutive days; up 24.72% over this period

-- Best three day stretch since the three days ending Nov. 2, 1978, when it rose 27.03%

-- Up 7.29% year-to-date

-- Down 40.86% from its all-time closing high of $274.32 on Jan. 19, 2018

-- Up 0.5% from 52 weeks ago (July 3, 2019), when it closed at $161.42

-- Down 7.83% from its 52 week closing high of $176.01 on July 24, 2019

-- Up 79.28% from its 52 week closing low of $90.49 on March 16, 2020

-- Traded as high as $163.65; highest intraday level since Feb. 21, 2020, when it hit $164.14

-- Up 16.71% at today's intraday high; largest intraday percent increase since Dec. 7, 1998, when it rose as much as 18.22%

-- Best performer in the S&P 500 today

All data as of 10:18:31 AM