10 Large-Cap Stocks Insiders Are Buying Recently

3. FedEx Corporation (NYSE:FDX)

Number of Recent Insider Purchases: 2

Market Cap: $67.807 billion

FedEx Corporation is a global leader in logistics, express shipping, and e-commerce solutions serving more than 220 countries and territories. It offers professional transportation, e-commerce, and business services to both customers and businesses across the globe. As much as 96.7% of the company’s U.S. revenue comes from customers of two or more transportation services.

FedEx is working on several new strategies, among which is the DRIVE (Delivering, Reliability, Innovation, and Value every day) program. DRIVE is said to be a comprehensive business architecture using data and technology to advance network optimization and cost management. This program is projected to save $4 billion by the end of fiscal 2025 versus the fiscal year 2023 baseline.

For the second quarter ended Nov. 30, 2024, FedEx disclosed revenue of $22 billion, compared to $22.2 billion in the same period of 2023. The company completed $1 billion in share repurchases via open market and accelerated share repurchase transactions during the quarter.

Over the last 12 months, FedEx’s share rose 12.33% to $278.51 per share.