FDX FedEx Corp

FedEx Corporation (FDX) is currently at $150.53, down $22.77 or 13.14%

-- Would be lowest close since Aug. 27, 2019, when it closed at $149.53

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

-- On Tuesday, FedEx reported a first-quarter profit of $745 million, or $2.84 a share, compared with $835 million, or $3.10 a share, a year earlier. Revenue declined slightly to $17.05 billion. Analysts polled by FactSet expected earnings of $3.15 a share and $17.06 billion in revenue

-- The company lowered its revenue outlook and said it expects earnings to fall in its current fiscal year

-- Earlier Wednesday, analysts across the board downgraded their price estimates for the company's stock. Stifel cut its rating on the company from buy to hold and lowered its price target to $171 from $185 a share. Morgan Stanley analysts cut their price target to $120 from $131 and JPMorgan & Chase Co. lowered its target to $146 from $168 a share

-- Currently down four of the past five days

-- Currently down three consecutive days; down 13.54% over this period

-- Worst three day stretch since the three days ending Dec. 21, 2018, when it fell 14.6%

-- Down 5.09% month-to-date

-- Down 6.69% year-to-date

-- Down 38.02% from 52 weeks ago (Sept. 19, 2018), when it closed at $242.88

-- Down 13.32% at today's intraday low; largest intraday percent decrease since Aug. 24, 2015, when it fell as much as 16.68%

-- Worst performer in the S&P 500 today

-- Third most active stock in the S&P 500 today

All data as of 10:29:43 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

September 18, 2019 10:55 ET (14:55 GMT)

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