Why FedEx Stock Jumped 13% in November

Why FedEx Stock Jumped 13% in November

FedEx (NYSE: FDX) sent investors scrambling for the exits back in September, with the shares losing one-quarter of their value in a single trading day after the transportation giant warned a global economic slowdown was taking its toll. In November, FedEx said the restructuring plan put in place in response to the slowdown was proceeding as planned. FedEx by its nature is closely linked to the health of the global economy.