FedEx Freight is trading at $152.51 (5.65% up) in pre-market, rebounding after a two-day slide that saw shares drop nearly 9% between July 24 and July 29.
- The upward move appears to be a technical recovery in a broadly firmer market, as there are no fresh company-specific headlines to drive the price action.
- Risk sentiment has improved across the board, with major indices and futures trading modestly higher following a period of recent volatility.