Wall Street closes at a record for the first time since end of January
Preet Kawal, Executive Vice President at FEDEX CORP (NYSE:FDX), sold 4,900 shares of company stock on April 14, 2026, for $1,802,661. The shares were sold at a price of $367.89, slightly below the current stock price of $370.14.
On the same day, Kawal also exercised options to acquire a total of 4,900 shares of FEDEX CORP common stock. 3,390 shares were acquired at an exercise price of $207.31 per share and 1,510 shares were acquired at an exercise price of $214.00 per share, for a total value of $1,025,920.
Following these transactions, Kawal directly owns 10,953 shares of FEDEX CORP.The insider sale comes as FedEx stock has delivered an impressive 80.6% return over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. Investors seeking deeper insights can access FedEx’s comprehensive Pro Research Report, one of 1,400+ available reports that transform complex data into actionable intelligence.
In other recent news, FedEx announced that its Chief Financial Officer, John Dietrich, will step down on June 1, coinciding with the completion of the FedEx Freight spin-off into a separate publicly traded company. Following this transition, Claude Russ will serve as interim CFO while the company searches for a permanent successor. UBS has maintained its Buy rating on FedEx stock with a price target of $446, despite the leadership change. Stifel has also raised its price target for FedEx to $442, citing the planned spin-off of its freight division as a key factor. TD Cowen has kept its Buy rating and $426 price target, emphasizing the potential growth from technology initiatives and operational changes in the freight unit. Furthermore, Bernstein has increased its price target to $470, highlighting the FedEx Freight spin-off’s progress and its position as the largest pure-play less-than-truckload network in the market. These developments reflect the company’s strategic moves and the positive outlook from multiple analyst firms.
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