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Stock impact report

Biggest stock movers today: FDX, NKE, and more [Seeking Alpha]

Ocugen, Inc. (OCGN) 
Company Research Source: Seeking Alpha
Here are some of Friday's biggest stock movers: Biggest stock gainers Despite a mixed performance in FQ3 and a narrower outlook for FY2024, FedEx ( NYSE: FDX shares surged over 12% , driven by cost-cutting measures in its Express business and improved margins in FQ3 . The Express segment notably achieved an operating margin of 2.5%, surpassing Street expectations by 150 basis points and marking an 80 basis point improvement from the previous quarter. The company's overall adjusted operating margin also rose to 6.2% from 5.3% in the same quarter last year. Looking ahead to 2024, FedEx anticipates a slight decrease in revenue and has adjusted its profit guidance to $17.25 to $18.25 per share, excluding MTM retirement plans, compared to the previous range of $17 to $18.50 per share, with the consensus at $17.44. Additionally, FedEx announced plans to increase its share repurchase in FQ4 by $500M and has authorized a new $5B share repurchase program. After hitting a new 5 Show less Read more
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