RTTNews | Apr 27, 2021 10:11AM EDT

10:11 Tuesday, April 27, 2021 (RTTNews.com) - Shares of American delivery company FedEx Corp (FDX) are trading up 5 percent on Tuesday on news of the company announcing a multi-year collaboration with software company Adobe Inc. (ADBE), beginning with the integration of e-commerce platform ShopRunner, a FedEx Services subsidiary, with Adobe Commerce.

With the integration, Adobe merchants expect to gain easy access to FedEx post-purchase logistics skills, which will be helpful to increase demand, bring down costs and get an in-depth knowledge as to what the customer requires.

FDX was trading at $289.56, up $13.80 or 5 percent on the NYSE.

The stock has traded between $103.40 and $305.66 in the past 52-weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3188555/stock-alert-fedex-up-5-after-signing-multi-year-deal-with-adobe.aspx)

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