FedEx Corp. (FDX) gapped open higher Monday and climbed during the middle portion of the afternoon. The stock closed up by $2.83 at $84.80.
FedEx Corp. rose past the upper end of a 2-month trading range Monday and set a new high for the year. The company was mentioned positively in the most recent issue of Barron's, which stated that the company's share price may climb further due to its growing exposure to overseas markets like China.
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