FedEx Corp. (FDX) announced Tuesday morning that its Board of Directors has authorized a new share repurchase program of up to 32 million of its outstanding shares of common stock.
FedEx gapped up Tuesday and rose steadily until mid-morning, before settling into a range. The stock closed up by 4.71 at $120.08 on above average volume. FedEx broke out of a 1-month range and set a new high for the year.
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December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.