 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PARTNER NEWS:
Fri, Apr 26, 10:05 AM, Zacks
Fri, Apr 26, 10:00 AM, Zacks
Featured MNV Articles:
| Top Buys by Directors: Gorman's $249.2K Bet on FDXBy Dividend Channel Staff, Thursday, July 6, 8:04 PM ET
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $249.2K by Stephen E. Gorman, Director at FedEx Corp (NYSE:FDX). Gorman bets big on FDX:
Gorman's average cost works out to $230.75/share. Shares of FedEx Corp were changing hands at $248.06 at last check, trading down about 0.1% on Thursday. The chart below shows the one year performance of FDX shares, versus its 200 day moving average:
Looking at the chart above, FDX's low point in its 52 week range is $141.9193 per share, with $250.37 as the 52 week high point — that compares with a last trade of $248.06. The current annualized dividend paid by FedEx Corp is $5.04/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/09/2023. Below is a long-term dividend history chart for FDX, which can be of good help in judging whether the most recent dividend with approx. 2.0% annualized yield is likely to continue.
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
This Article's Word Cloud:
Arial
Below
Buys
Channel
Company
Corp
Director
Directors
Dividend
FedEx
Gorman
Insider
Looking
NYSE
Newsletter
Offer
Premium
Presumably
Price
Purchased
Receive
Share
Shares
Stephen
annualized
average
buys
chart
company
directors
dividend
escape
fillColor
last
make
maybe
mdash
most
paid
period
point
recent
share
stock
take
that
they
week
which
with
|
Play Video:
One Reason For Insiders to Buy
Free Email Alerts By Stock:
Start slideshow: