Big FedEx stock jump had help from New York wealth-management firm
Memphis-based FedEx enjoyed its greatest single-day stock jump in more than 30 years. (Courtesy FedEx)
D. E. Shaw & Co. is known for its activist investing, including its role in Exxon Mobil Corp.’s decision to add to its board and make $6 billion worth of cost savings changes.
Topics
FedEx Corp. D. E. Shaw group Raj Subramaniam FedEx Ground Activist investor Subscriber OnlyThank you for supporting local journalism.
Subscribers to The Daily Memphian help fund our not-for-profit newsroom of nearly 40 local journalists plus more than 20 freelancers, all of whom work around the clock to cover the issues impacting our community. Subscriptions - and donations - also help fund our community access programs which provide free access to K-12 schools, community organizations, and more. Thank you for making our work possible.
Rob Moore
Rob Moore covers North Mississippi for The Daily Memphian. He holds a B.A. and an M.A. in English from The University of Memphis.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.