Loop Capital downgraded FedEx (FDX) to Hold from Buy with a price target of $283, down from $365, as part of a broader research note

On Wednesday, FedEx Corp (FDX) stock saw a decline, ending the day at $270.43 which represents a decrease of $-5.14 or -1.87% from the prior close of $275.57. The stock opened at $274.27 and touched a low of $269.41 during the day, reaching a high of $274.82. The volume of shares traded was 1.96 million exceeding the average volume of 1.66 million.