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Down Over 50%, Is FedEx Stock a Buy?

Down Over 50%, Is FedEx Stock a Buy?

Last Friday, FedEx (NYSE: FDX) stock suffered its worst single-day percentage decline in its history — closing the trading session down 21.4%. At the worst point during the Sept. 16 sell-off, FedEx stock was down over 24%, falling to levels not seen since June 2020. The stock is now down over 50% from its all-time high.

Is now the time to buy FedEx stock, or does the sell-off mark the beginning of more pain ahead?

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Down Over 50%, Is FedEx Stock a Buy?

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