Why These 5 Stocks Are on the Move on Wednesday

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In this article we take a look at five stocks on the move on Wednesday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are On the Move on Wednesday.

5. FedEx Corporation (NYSE:FDX) is down around 8% after FedEx Corporation (NYSE:FDX) reported $4.37 in adjusted earnings per share and $22 billion in revenue for the first quarter of fiscal 2022. For the year earlier period, FedEx Corporation (NYSE:FDX) earned $4.87 per share from $19.3 billion in revenue. Higher labor costs and supply chain issues have been headwinds. 61 funds in our database of around 873 elite funds were long FedEx Corporation (NYSE:FDX) at the end of the second quarter of 2021.

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