1. FedEx Rose On Speculation Activist Has Taken a Stake

    FedEx Rose On Speculation Activist Has Taken a Stake

    FedEx was moving on Tuesday, rising 2.5%, better than the market’s gain, as investors attempted to triangulate what’s next for activist investor Bill Ackman and his fund, Pershing Square. Pershing announced on Monday it had sold its $700-plus million position in United Technologies (ticker: UTX) stock.

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