Shares of FedEx Corp. (NYSE: FDX), a provider of portfolio of transportation, e-commerce and business services under the FedEx brand, rose sharply in trading today. At last check, FDX shares were trading 5.27% higher at $90.09 on above average volume of 8.12 million. The stock hit an intra-day high of $90.93 in trading today.
FDX shares soared in trading today after the company today announced programs targeting annual profitability improvement of $1.7 billion during the next three years.
Shares of Chevron Corporation (NYSE: CVX), a San Ramon, California-based oil and gas company, fell sharply in trading today. At last check, CVX shares were trading 4.21% lower at $112.42 on above average volume of 14.41 million. The stock fell to an intra-day low of $112.01.
CVX shares tumbled in trading today after the company reported that its earnings for the third quarter of 2012 are expected to be significantly lower than the second quarter of 2012. The company said that upstream results are expected to be lower between sequential quarters, reflecting foreign exchange loss and lower lifting and realizations. Downstream earnings, meanwhile, are also expected to be significantly lower than second quarter of 2012.
Shares of Yum Brands Inc. (NYSE: YUM), a quick service restaurant company based on number of system units, with almost 37,000 units in more than 120 countries and territories, rallied in trading today. YUM shares ended the day 8.04% higher at $70.99 on above average volume of 17.72 million. The stock hit an intra-day high of $72.
YUM shares rose sharply today after the company reported its third-quarter financial results. For the quarter ended September 8, 2012, YUM reported an 18% increase in worldwide operating profit, including a 22% increase in China, 14% at Yum Restaurants International and 13% in the U.S.
Shares of Amazon.com Inc. (NASDAQ: AMZN), an online retailer, dropped in trading today. AMZN shares ended the day 2.38% lower at $244.99 on above average volume of 3.56 million. The stock fell to an intra-day low of $244.01.
Shares of Wal-Mart Stores Inc. (NYSE: WMT), operator of retail stores in various formats around the world, rose sharply in trading today. WMT shares ended the day 1.73% higher at $75.42 on above average volume of 18.19 million. The stock hit a 52-week high of $76.81 in trading today.
WMT shares gained in trading today after the company outlined its financial priorities for next fiscal year ending January 31, 2012. Mike Duke, President and CEO of Wal-Mart, said that WMTâ€™s momentum in delivering strong results continues, and the company is investing for the future by creating an even stronger business. Duke said that strong business fundamentals are driving WMTâ€™s top-line and bottom-line results and the company is delivering on productivity loop and being even more disciplined about its operating expenses and capital spending.
Shares of Yelp Inc. (NYSE: YELP), a San Francisco, California-based company connecting people with local businesses, fell sharply in trading today. YELP shares ended the day 6.64% lower at $25.61 on volume of 1.45 million. The stock hit an intra-day low of $25.35.