So much for Hogg’s boycott of FedEx: The company’s value rose by over $640M yesterday

So much for Hogg’s boycott of FedEx: The company’s value rose by over $640M yesterday
David Hogg (Image via Twitter)

[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.

https://twitter.com/TwitchyTeam/status/968260852695687168?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Ftwitchy.com%2Fgregp-3534%2F2018%2F02%2F27%2Fso-much-for-the-boycott-the-value-of-fedex-rose-by-over-640000000-yesterday%2F

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