FedEx's (NYSE:FDX) short percent of float has fallen 6.47% since its last report. The company recently reported that it has 5.22 million shares sold short, which is 2.17% of all regular shares that are available for trading.
Goldman Sachs raised NIKE, Inc. (NYSE: NKE) price target from $120 to $133. Goldman Sachs analyst Kate McShane maintained a Buy rating on the stock. NIKE shares rose 11.6% to $115.20 in pre-market trading.
U.S. stocks look set for a positive start on Wednesday, with the index futures trading moderately higher. Sentiment going into the session likely hinges on a couple of economic readings and energy prices.
Major Wall Street indices closed in the green on Tuesday, albeit just marginally higher, ending a four-day losing streak as investors and traders are watching out for a much anticipated year-end rally. Surprisingly, market partic