[Ed. – Action, reaction]
FedEx is a very large company with a current market cap of $67.57 billion dollars. So, how did the stock price of this very large company react to yesterday’s call for a boycott of the shipping giant by Parkland survivor David Hogg, among others?
Well, pretty good actually. A $2.39/share increase, via Google. …
Now for some math…
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A $2.39/share increase multiplied by the 267.89 million shares outstanding means investors gained around $640.25 million in value.
Now, this seems like a lot but it’s really no big deal. FedEx’s stock price has a 52 week range of 182.89 – 274.66. Just keep that in mind for the time when FedEx’s stock does dip and the mob attempts to take credit for it.