NEW YORK, NY / ACCESSWIRE / September 20, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of FedEx Corporation ("FedEx" or the "Company) (NYSE:FDX). Investors who purchased FedEx securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/fdx.
The investigation concerns whether FedEx and certain of its officers and/or directors have violated federal securities laws.
On September 15, 2022, FedEx released preliminary first quarter financial results and announced plans to shutter storefronts and corporate offices while putting off new hires brought on by drop-off in its global package delivery business. FedEx further stated that it was unlikely to meet Wall Street's profit target for its fiscal first quarter ended August 31, 2022 and that the Company expects business conditions to further weaken in the current quarter amid weaker global volume. On this news, FedEx's stock price fell $43.85 per share, or 21.4%, to close at $161.02 on September 16, 2022.
If you are aware of any facts relating to this investigation or purchased FedEx shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/fdx. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC