Mon, 19 Sep 2022 16:54:53 GMT
FedEx plummets 23.25%
The stock price of FedEx plummeted 23.25% during Friday's trading. This is the company's biggest price drop ever.
However, by Monday's 17:45 GMT, the shares had staged a recovery of 4.82%.
The decline occurred, as the CEO of the Company Raj Subramaniam stated to CNBC that the company expects a global recession, as demand for shipping has been tumbling in