empty
 
 
FedEx slashes revenue outlook causing plunge in its shares
26-09-2019 12:02
FedEx slashes revenue outlook causing plunge in its shares
FedEx slashes revenue outlook causing plunge in its shares

Even the biggest companies are not immune to stock crashes. Interestingly, the grander the scale of the company, the steeper its fall. The businesses undergo stress tests in such periods. On the plus side, a plunge in shares gives some enterprises an opportunity to attract publicity. In particular, FedEx, the American delivery giant, hit the headlines as its shares plummeted by record 13%. The plunge was triggered by the company’s forecast. The FedEx management predicted that the revenue may decrease in the coming year. It was really thoughtful of the company to warn its investors about a possible decline. After the forecast had been unveiled, FedEx shares depreciated by 12.9% on the New York Stock Exchange. It was the steepest fall in the past ten years. Last time such a plunge was seen during the financial crisis, on December 9, 2008. On that day, FedEx shares crashed by 14.5%. The main reason for the negative outlook is the lingering trade conflict between the United States and China. FedEx CEO Frederick Smith said that the company’s performance was weighed down by the intensifying trade tensions and uncertainty. As a matter of fact, the delivery specialist has already been involved in the trade conflict, as the Chinese authorities accused FedEx of illegally delaying more than 100 Huawei shipments.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback