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Why FedEx Stock Just Dropped

TheMotleyFool 
0 0 01.06.26
Why FedEx Stock Just Dropped: https://g.foolcdn.com/editorial/images/872612/deliveryman-delivering-package-boxes-to-a-homeowner.jpg
 

FedEx Corporation (NYSE: FDX) stock crashed nearly 19% through 11:15 a.m. ET this morning -- but don't panic. This apparent disaster isn't what meets the eye.

Instead of a sell-off, what you're seeing is a spin-off.

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Source Fool.com

Fedex Corp. Stock

€279.50
-2.310%
We can see a decrease in the price for Fedex Corp.. Compared to yesterday it has lost -€6.700 (-2.310%).
With 80 Buy predictions and 3 Sell predictions Fedex Corp. is one of the favorites of our community.
As a result the target price of 320 € shows a slightly positive potential of 14.49% compared to the current price of 279.5 € for Fedex Corp..
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