Why Shares of FedEx Are Falling Today

Shares of FedEx (NYSE: FDX) fell more than 5% on Friday as the shipping and transport giant was among the targets of a nationwide one-day strike protesting worker safety during the COVID-19 pandemic.

FedEx falls into a category of companies that have seen parts of their business increase due to the pandemic, with consumers increasingly turning to online orders for their basic staples in response to government advisories to stay at home. FedEx says it has prioritized the safety of its workers and is taking added steps to try to keep its facilities clean and virus-free, but for at least some workers, apparently the company is not doing enough.

Image source: FedEx.

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Source Fool.com