FedEx Rips

I noted that FedEx (FDX) was an important stock to watch yesterday. It had put in what looked like a possible reversal candle. Today it gained 14 percent.
The firm raised the dividend 53 percent to a 2.1 percent yield after pressure from activist investor D.E. Shaw. A move of that magnitude doesn't strike me as solely a news event, but also reflective of sentiment.

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