FedEx Stock Drops Nearly 19% Due to Spin-Off of FedEx Freight

FedEx Corporation (FDX) stock dropped nearly 19% due to the spin-off of its less-than-truckload freight business, now an independent company called FedEx Freight. Shareholders received one share of FedEx Freight for every two shares of FedEx they owned as of May 15.

By Rich Smith, The Motley Fool Mon, June 1, 2026 at 6:58 PM GMT+3 3 min read · Yahoo Finance · June 1, 2026, 15:58 UTC

FedEx Stock Drops Nearly 19% Due to Spin-Off of FedEx Freight

Tickers: $FDX

Topics: FedEx Freight spin-off stock_drop

Read the full article at Yahoo Finance

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