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.