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FedEx (FDX) Stock: Buy The Dip?
Last night FedEx(FDX) reported phenomenal earnings. The company beat revenue expectations, strengthened their balance sheet, and increased net income. So why is their stock selling off today? Since reporting, shares of FedEx have dropped from $292 to $277, which is a -5% drop. Many investors and traders are asking if this is a buy on dip opportunity?
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By Financial MoversLast night FedEx(FDX) reported phenomenal earnings. The company beat revenue expectations, strengthened their balance sheet, and increased net income. So why is their stock selling off today? Since reporting, shares of FedEx have dropped from $292 to $277, which is a -5% drop. Many investors and traders are asking if this is a buy on dip opportunity?