Improving financial results have sometimes been a catalyst for gains, as shipping giant FedEx (NYSE: FDX) is seeing Thursday morning. An acquisition bid can also give a stock a huge lift all at once, and shareholders in Splunk (NASDAQ: SPLK) are seeing firsthand what can happen when a major player in the technology industry like Cisco Systems (NASDAQ: CSCO) gets interested in a smaller peer. Shares of FedEx rose nearly 5% early Thursday morning.
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