FedEx shares reach 52-week high

FedEx Corp. shares went up 2.97 percent Wednesday to close at $110.43, a 52-week high.

This is the second time in three months that Memphis-based FedEx (NYSE: FDX) reached such a record. In December 2005, the global shipper's stock reached $103.70.

Volume was heavy Wednesday with 2.65 million shares trading hands, surpassing the average daily trading volume of 1.5 million shares. The stock's price traded as high as $110.57 during the day. Tuesday's closing price was $107.24.

Associated Press reported that this 52-week high was a result of an analyst saying FedEx can outperform rival Atlanta-based United Parcel Service Inc. in the near future.

FedEx's recent quarterly results were strong, with net income surging by 33 percent.

Shares of UPS (NYSE: UPS) closed at $75.32 Wednesday, after they rose by less than one percent.

 

so when's the stock split coming??? i've been waiting a few years for this...

 

To be accurate...........When will our Corporate Execs and Officers cash in some of their stock options which were given @ $50/share!

Record profits........they are re-instituting profit sharing. They can't afford to give us a pay raise or keep our health care premiums from rising 400%

 

400%...is that for real or are you being sarchastic?? thats outrageous

i would still like a split though

 

Maybe it's time to readjust our compensation openers?

 

Not exactly. Or, at least not in the same form that was discontinued temporarily, and then permanently 7 years ago. The program proposed to take effect will only result in payments to employees if certain specific goals are met. THEY get to determine the goals. If the company falls short of the goals, there is NO payout. Not 95%, not 90%, not even 50% of the "profit sharing money" - - ZERO percent.


Under the old system, if the profits were high, the share was high, and if the profits were lower, the sharing was lower. Now it's all or nothing. Employees used to count on the profit sharing for nice Christmases. With this program, they should be prepared to receive from FedEx the same thing they've received, in terms of profit sharing, the past seven years: NOTHING.






- The truth only hurts if it should -

 

I, for one, would love to see you increase your openers....

 

I won't argue with that