JP Morgan analyst Brian Ossenbeck downgrades FedEx (NYSE:FDX) from Overweight to Neutral and lowers the price target from $258 to $214.
Muscle Maker And 2 Other Stocks Under $1 Insiders Are Aggressively Buying
The Dow Jones settled higher by more than 500 points on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.