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FedEx Surges to 160th in Trading Volume as Amazon Partnership Boosts Stock by 6.94
Generated by AI AgentAinvest Market Brief
Monday, May 12, 2025 8:01 pm ET1min read
On May 12, 2025, FedEx's trading volume reached $788 million, marking a significant increase of 209.17% compared to the previous day. This surge placed
at the 160th position in terms of trading volume for the day. The stock price of FedEx (FDX) rose by 6.94%.Amazon has recently expanded its delivery network by partnering with FedEx to handle some of its large package deliveries. This move comes after UPS announced it was halting its services with
. The agreement between Amazon and FedEx will not replace UPS but will instead add FedEx to Amazon's list of third-party partners, which already includes UPS and the USPS. This partnership is expected to enhance Amazon's delivery capabilities and provide more flexibility in its logistics operations.This new partnership with FedEx is seen as a strategic move by Amazon to diversify its delivery options and ensure reliable service for its customers. The collaboration is expected to further strengthen FedEx's position in the logistics industry and potentially drive growth in its stock price.
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