The company’s stock may face selling pressure in the future due to a most recent profit warning and amid worries of a global economic slowdown.
Shares of FedEx Corporation (NYSE:FDX) are currently trading near the 52-week low price of $142.49 and near the 3-year low of $147.82. On September 17, 2019, the company reported as expected the first quarter results for the year 2020. The explanation for this decline can be attributed to two significant factors, both of which could continue to add selling pressure for the stock.
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