Two days do not make a trading trend. But for the second consecutive session, FedEx Corp. shares are spiking.

At FedEx, nightmare of September seems very far away

Shares of FedEx Corp. surged toward their best three-day performance in 19 months on Thursday after two Wall Street analysts said it's time to buy, noting that the package delivery giant's announcement of job cuts shows that management is serious about cutting costs.

FedEx shares surge toward biggest three-day gain since mid-2020

Shares of FedEx Corp (NYSE: FDX) are trading up this morning after a Citi analyst turned bullish on the multinational package delivery company.

FedEx stock price forecast: Citi sees another 20% upside

Major U.S. companies laid off more than 81,000 employees in January.

2023 Layoffs: Okta Slashes 300 Jobs As DraftKings, FedEx Cut Staff

FedEx (FDX) stock was upgraded by two analysts Thursday following the package delivery and transportation company's decision to cut senior staff positions as part of a larger cost reduction effort. FDX shares jumped early Thursday.

FedEx Stock Rallies On Upgrades After Additional Job Cuts

Citigroup and Bank of America upgraded F edEx Corporation (NYSE:FDX), one session after the company announced plans to cut 10% of its officers and directors.

2 Analysts Upgrade FedEx Stock After Cost Cutting Measures

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions. Its FedEx Ground segment provides day-certain delivery services to businesses and residences. The company's FedEx Freight segment offers less-than-truckload freight transportation services. As of May 31, 2022, this segment had approximately 30,000 vehicles and 400 service centers. Its FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office support services. The company's Corporate, Other and Eliminations segment offers integrated supply chain management solutions, specialty transportation, customs brokerage, and global ocean and air freight forwarding services; and document and business services, as well as retail access to its customers for its package transportation businesses. FedEx Corporation was founded in 1971 and is based in Memphis, Tennessee.