FedEx Gains, Super Micro Plunges, Swarmer Surges After IPO
On this episode of Stock Movers: - FedEx (FDX) shares rose after it raised its full-year profit forecast, sending the courier’s shares up the most in almost a year and signaling the plan to restructure its delivery network is gaining traction despite economic volatility. - Super Micro Computer (SMCI) shares plummeted, after three individuals associated with the server maker were indicted by the US Attorney’s Office for allegedly conspiring to commit export-control violations. - Swarmer (SWMR) shares soared nearly 1,000% in the first three trading sessions after its initial public…
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