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.
by RTTNews Staff Writer
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