We are always looking for the so-called tells in the market. These are when the really smart money tips their hand by buying or selling an abnormally large amount of stock or options ahead of an event.
Such was the case of FedEx on Tuesday, as shares opened higher, traded to $185 per share at its high of the day and then were hit with massive waves of block selling. It took all of 15 minutes to drive shares off their session highs. The stock closed at $181.41, down slightly, and this was absent any news in the company.
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jonnajarian Yes 'mysterious'
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FedEx stock falls after company misses Wall Street Q3 viewsShares of FedEx Corp. fell more than 3% in the extended session Tuesday after the logistics company missed Wall Street's expectations for its fiscal third... But but....the economy is great....trade deal.....dovish FED.....say it ain't so
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »
Stocks under pressure | Fed's rate decision set | FedEx warns of global slowdownFutures are pointing to a slightly lower Wall Street open, but with a Fed policy statement ahead and headline risk surrounding China trade talks, another volatile day could be ahead. I warn too of global slowdown need China back up a bit they buy our goods Market isn't too bad'
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »