FedEx ( FDX - Free Report ) shares rallied 6.1% in the last trading session to close at $279.58. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.1% gain over the past four weeks. The upside was owing to the better-than-expected third-quarter fiscal 2021 (ended Feb 28, 2021) earnings report announced by the transportation company. It delivered earnings of (excluding 17 cents from non-recurring items) $3.47 per share, which surpassed the Zacks Consensus Estimate of $3.21.