---
title: "FedEx Shares Lower Following Weak Spinoff Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290984252.md"
description: "FedEx shares dropped 1.8% to $323.57 following mixed earnings from its newly spun-off subsidiary, FedEx Freight. The subsidiary reported a 66.9% decline in operating income, heavily impacted by $205 million in separation costs. Market sentiment remains bearish, with options traders showing a strong preference for puts, as indicated by high put/call volume and open interest ratios."
datetime: "2026-06-26T15:05:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290984252.md)
  - [en](https://longbridge.com/en/news/290984252.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290984252.md)
---

# FedEx Shares Lower Following Weak Spinoff Earnings

**FedEx Corp (NYSE:FDX)** slipped 1.8% to $323.57 after FedEx Freight (FDXF) reported mixed quarterly results. In its first earnings release as an independent company, FedEx Freight posted a drop in operating income to $158 million, down 66.9% from a year prior. Results were weighed down by $205 million in costs related to its separation from FedEx Corporation, highlighting the financial impact of the recent spinoff.

On the charts, FDX have recovered to back above the supportive $320 level after a brief pullback on June 24. The stock has shed just 6% since its June 15 all-time high of $345.36 and **still boasts** an 85% 12-month lead.

Plus, FDX puts have been popular in recent days. This is per the shipping name's 10-day put/call volume ratio of 1.73 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits in the 85th percentile of its annual range. Echoing this is FDX's Schaeffer's put/call open interest ratio (SOIR) of 1.02, which indicates a heavy preference for puts among short-term traders.

### Related Stocks

- [FDXF.US](https://longbridge.com/en/quote/FDXF.US.md)
- [FDX.US](https://longbridge.com/en/quote/FDX.US.md)

## Related News & Research

- [FedEx (FDX) Could Be 10% Undervalued After Shelf Filing And Strong Quarter](https://longbridge.com/en/news/293850798.md)
- [FedEx says FY2026 Form 10-K report available](https://longbridge.com/en/news/293947978.md)
- [UPS Vs. FedEx: Why One Dividend Claimed 99% Of Free Cash Flow](https://longbridge.com/en/news/294372469.md)
- [FedEx shifts fiscal year-end to Dec. 31 from May 31 starting June 2026](https://longbridge.com/en/news/293381442.md)
- [FedEx tops profit expectations in its first post-spinoff earnings report](https://longbridge.com/en/news/290605664.md)