FedEx (FDX) Stock Soars on Ackman Speculation, Lawsuit Settlement
July 10, 2013 at 10:21 AM EDT
Shares of FedEx Corp. (FDX) closed up +4.32 or +4.37 percent on Tuesday, after speculation the company was an investment possibility for William Ackman’s Pershing Square Capital Management LP. Volume in the stock was unusually heavy for FedEx, with more than 11 million shares traded, over six times the stock’s normal daily trading volume. Also Read the full article... Read the rest of FedEx (FDX) Stock Soars on Ackman Speculation, Lawsuit Settlement at InvestorGuide.com .
