FedEx Freight Holding (FDXF) Falls 28.6% in Three Months, Trailing XLI Industrials ETF

FedEx Freight Holding Company (FDXF) has dropped 28.6% over the past three months, sharply underperforming the State Street Industrial Select Sector SPDR ETF (XLI), which fell 7.4% over the same period. The stock sits 28.8% below its June 9, 2026 high of $194.27. FDXF fell 12.1% over the past month and 7% over five days, versus XLI's 4.5% monthly decline and marginal five-day gain. Shares trade below their 50-day moving average. The selloff followed June 25 fiscal fourth-quarter 2026 results: revenue rose 4.8% year over year to $2.4 billion, but operating income plunged 66.9% to $158 million and adjusted operating income fell 23.9% to $363 million. Average daily shipments declined 5.9%, pressured by separation costs, lower volumes and higher wage rates. Shares fell 4.6% the next session. United Parcel Service (UPS) outperformed, gaining 10.6% over the past month. Of 14 analysts covering FDXF, the consensus rating is Moderate Buy, with a mean price target of $165.07 implying 45.8% upside.