Insider Trading Report: Fedex Corp (FDX)

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Amy Lane, a director at
Fedex Corp (FDX), recently bought 830 shares. The buy came to a total cost of $193,289, and increased the director’s stake by 54 percent.

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  • This is the first insider buy at the company since January, when the same director made a 280 share buy. Generally, insiders have been sellers, following the exercise of stock options. That includes directors and executives, including the company CEO.

    Overall, insiders own 7.9 percent of the company.

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    Fedex shares have climbed 14 percent over the past year, shaking off a loss when fears of an economic slowdown first hit the shipping and logistics company.

    Even with the gain, earnings have slid 30 percent in the past year, and revenues are down 6 percent.
    Action to take: The company is a global leader for shipping and logistics, and a worthwhile buy at the right price.

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  • Shares are currently going for about 13 times forward earnings, a sizeable discount to the overall stock market, and a still a buy even after their recent performance. Plus, Fedex yields about 2.2 percent here.

    For traders, shares have been trending up since September, and the trend looks set to continue. The July $250 calls, last going for about $8.00, offer mid-double-digit returns on a continued rally in the months ahead.

     
    Disclosure: The author of this article has no position in the company mentioned here, and does not intend to trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.