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FedEx Stock Continues To Slip

FedEx Corp. (FDX) shares are losing more than 22 percent on Friday, continuing a bearish trend since it had announced weak first quarter earnings compared to the prior year. Further, the company had withdrawn its outlook for fiscal 2023 owing to quarterly performance and a volatile operating environment.

Currently, shares are at $159.29, down 22.25 percent from the previous close of $204.87 on a volume of 15,249,490.

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