FedEx’s Activist-Backed Changes Help Lift Transportation ETFs
June 14, 2022 at 18:15 PM EDT
FedEx Corp. (NYSE: FDX) climbed Tuesday, lifting transportation sector-related exchange traded funds after the company raised its dividends and added new board members under the pressure from activist investor D.E. Shaw Group. The iShares Transportation Average ETF (IYT) rose 1.0% on Tuesday....
