FedEx stock (NYSE: FDX) is expected to see higher levels after it announced the spin-off of its freight business. While this move was awaited, it bodes well for the stock, unlocking shareholder value.
FedEx Corp.'s stock was up 4.3% as the second-highest gainer in the S&P 500 after Eli Lilly & Co., which was ahead by 6.4%. FedEx drew praise from Wall Street analysts for its plan to separate its ...