Director John Edwardson made a 10,000 share buy at FedEx (FDX), paying just over $154,000. This is the second insider buy since September, and insider data over the past two years shows many insider sales at higher prices, with some insider buys stepping up in the past year as shares have lagged.

With shares of the global shipping company still down 25 percent in the past year, widely under-performing the market, the step up in insider buying looks attractive.

Fears of a slowdown in global trade—which reflect the reality of a slowdown in global trade—have been weighing on shares. But even with the slowdown, trade isn’t going away, and at 12 times forward earnings, this global giant appears to be near an attractive entry point.