Rumour of a rumour sends FedEx stock soaring

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DC Velocity has written an interesting analysis of the case of Fedex, the soaring share price, and the activist investor who wants to buy a $1bn stake in “a large-capitalisation US company”. The activist, William Ackman, is involved in transport companies, and from the description he gave in a letter to Reuters, much of the market believes he’s talking about Fedex. But are they right?

Meanwhile, Fedex has also settled a lawsuit which claimed that the express operator was “systematically” overcharging customers.