FedEx’s (FDX) new chief financial officer (CFO) John Dietrich has been buying up the company’s stock.
Dietrich, who became the company’s finance chief on Aug. 1 of last year, paid $252,000 U.S. on Dec. 28 for 1,000 shares of FedEx at an average price of $252.02 U.S. each.
According to documents filed with the U.S. Securities and Exchange Commission (SEC), Dietrich now owns 4,745 shares of the shipping and logistics company worth $1.16 million U.S.
Dietrich’s latest purchase comes after FedEx reported lacklustre earnings on Dec. 19, sending its stock down 12% in a single trading session. The shares have traded sideways in recent weeks.
Dietrich is the former chief executive officer (CEO) of aviation firm Atlas Air Worldwide, which was taken private in March 2023.
Despite the pullback since December, FedEx’s stock is up 35% over the last 12 months and trading at $245.29 U.S. per share.
