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Stock Market & Financial Investment News

News Breaks
July 9, 2013
10:23 EDTUPS, FDXFedEx strength attributed to activist speculation
The move higher in shares of FedEx (FDX) is being attributed to speculation that the company could be the unidentified target of Bill Ackman's planned new fund. Bloomberg reported yesterday that Ackman's Pershing Square is raising money for a special purpose vehicle to buy the stock of a large U.S. company which operates in one business. Traders are attributing today's move higher in shares of FedEx to speculation that the shipping giant may be the target of Ackman's new fund. FedEx shares are up 4%, or $4.01, to $102.84 in early trading while its peer UPS (UPS) is rallying 1.5%, or $1.35, to $89.70.
News For FDX;UPS From The Last 14 Days
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June 26, 2015
18:40 EDTFDXFedEx solicits EU approval for TNT bid, Reuters reports
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