FedEx Enters Oversold Territory, Sparking Investor Interest

FedEx Corp's shares recently reached an RSI of 28.9, indicating they are oversold. Investors may find this an opportune moment to examine FedEx's strong fundamentals and its attractive annual dividend yield of 2.24% based on the recent share price.

Date: 21-03-2025

AI Rating: 7

Overview of FedEx Corp (FDX)
According to the analysis, FedEx Corp ranks highly on the DividendRank formula, placing in the top 25% of the coverage universe, indicating strong fundamentals and inexpensive valuation metrics.

Moreover, the recent trading session saw FDX shares entering oversold territory, with an RSI of 28.9. This figure is below the critical threshold of 30, which suggests a potential turnaround, making it a stock that investors may want to consider buying.

Additionally, FDX's dividend yield stands at 2.24%, calculated from the recent share price of $246.21, with an annualized dividend of 5.52 per share. This yield could attract dividend-focused investors looking for enhanced returns amidst price corrections.

Key Metrics:
1. **Annualized Dividend:** 5.52/share
2. **Dividend Yield:** 2.24%
3. **Current Share Price:** $246.21
4. **RSI:** 28.9
5. **Average RSI for Dividend Stocks:** 45.6
6. **Ranking:** Top 25% in coverage universe for fundamentals and valuation.

In light of these factors, investors might find the current share price an appealing point for entry, given the possibility of price recovery and stable dividend payments in the context of FDX’s solid historical payout record.

Stocks: FDX