The Latest Breaking News from FedEx

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A whale with a lot of money to spend has taken a noticeably bullish stance on FedEx. Looking at options history for FedEx (NYSE:FDX) we detected 10 strange trades.

Upgrades

Although US stocks closed lower on Thursday, there were a few notable insider trades.

Keybanc has decided to maintain its Overweight rating of FedEx (NYSE:FDX) and raise its price target from $300.00 to $325.00. Shares of FedEx are trading down 2.61% over the last 24 hours, at $227.71 per share. A move to $325.00 would account for a 42.73% increase from the current share…

"Our strategy is focused on driving yields, expanding margins, and elevating returns through profitable growth and capital efficiency," said new CEO Raj Subramaniam.

The Dow rose after Tuesday's sell-off. Tesla is cutting Autopilot jobs. General Mills topped an early buy point on earnings.

Someone with a lot of money to spend has taken a bullish stance on FedEx (NYSE:FDX). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Shipping stock FedEx Corporation (FDX) has guided decent earnings improvement for fiscal 2023 despite the current supply chain headwinds. The stock is currently trading at a discount to its peers. Given the company’s robust financials, favorable analyst estimates, and higher-than-industry profitability, it could be wise to buy the stock now.…