Based on the comprehensive data I've gathered for FDX, here's your weekly stock report:
Week of April 20-22, 2026
| Metric | Current Value | Change |
|---|---|---|
| Stock Price | $394.59 | +6.6% (1 week), +10.0% (1 month) |
| Market Cap | $94.2B | Large-cap |
| Short Interest % FF | 1.15% | -17.1% (1 week), -19.3% (1 month) |
| Days to Cover | 0.45 days | Very low |
| Cost to Borrow |
| 0.41% |
| -8.2% (1 week) |
| Utilization | 0.1% | Minimal |
FedEx shares are on a strong run. The stock gained 6.6% this week and is up nearly 10% over the past month, closing at $394.59. Year-to-date gains stand at an impressive 36.6%.
The ORTEX Stock Score of 84.3/100 reflects this momentum, with particularly strong marks in:
Technical indicators support the bullish trend. The RSI of 68.7 suggests the stock is approaching overbought territory but not yet extended. Analysts see upside of just 2.15% to their mean target price, indicating the recent rally has brought FedEx closer to fair value.
Bears are backing away. Short interest dropped 17% this week to just 2.65 million shares, representing only 1.15% of the free float. This marks a 19% decline over the past month. With days to cover at a mere 0.45, shorts could exit positions quickly if needed.
Cost to borrow ticked up slightly to 0.41% but remains negligible. Utilization sits at just 0.1%, meaning shares are readily available to borrow. This is not a stock under short pressure.
The put/call ratio of 1.34 indicates more put volume than call volume, but this has actually declined from the 20-day average of 1.46. The PCR z-score of -1.64 suggests options sentiment has turned slightly more bullish relative to recent trends. The 52-week range for PCR is 0.95 to 1.61, placing current levels near the middle.
FedEx generated $93.5 billion in revenue with EBITDA of $10.8 billion. Net income came in at $4.1 billion, translating to EPS of $19.68. The company maintains net debt of $14.1 billion against an enterprise value of $101.3 billion.
Key valuation metrics:
The company's next earnings report is scheduled for June 23, 2026.
The biggest news this week involves tariff refunds. FedEx and rival UPS have begun filing for refunds following the Supreme Court's decision to strike down certain Trump-era tariffs. Up to $127 billion could flow back to importers, potentially benefiting logistics companies that paid duties on imported goods. News sources estimate corporations collectively sit on $166 billion in potential refunds.
On the operational front, FedEx announced a strategic partnership with Viettel Post to strengthen its delivery network in Vietnam, signaling continued international expansion despite global trade uncertainties.
FedEx displays strong momentum backed by solid fundamentals. The high stock score, declining short interest, and tariff refund catalyst create a favorable backdrop. However, the modest analyst upside and elevated RSI suggest much of the good news may be priced in at current levels.
The air freight and logistics sector faces headwinds from economic uncertainty, but FedEx's operational improvements and potential tariff windfalls could offset macro concerns.
This analysis is for informational purposes only and does not constitute financial advice. Data is subject to change and may contain inaccuracies.
See the live data behind this article on ORTEX.
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