Shares of FedEx Corp. FDX, 0.22% shed 0.58% to $296.62 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, 0.45% rising 0.20% to 4,367.48 and the Dow Jones Industrial Average DJIA, 0.35% rising 0.07% to 34,823.35. The stock’s fall snapped a three-day winning streak. FedEx Corp. closed $23.28 short of its 52-week high ($319.90), which the company achieved on May 27th.
The stock underperformed when compared to some of its competitors Thursday, as United Parcel Service Inc. Cl B UPS, -0.30% rose 0.37% to $213.23, Deutsche Post AG ADR DPSGY, +0.93% fell 0.23% to $68.76, and Expeditors International of Washington Inc. EXPD, 0.63% fell 0.43% to $128.38. Trading volume (964,374) remained 1.2 million below its 50-day average volume of 2.2 M.