Shares of FedEx Corp. FDX, +4.49% rose 4.49% to $225.93 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +2.24% rising 2.24% to 4,357.86 and the Dow Jones Industrial Average DJIA, +1.55% rising 1.55% to 34,063.10. This was the stock’s second consecutive day of gains. FedEx Corp. closed $93.97 short of its 52-week high ($319.90), which the company achieved on May 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as United Parcel Service Inc. Cl B UPS, +3.50% rose 3.50% to $217.90, Deutsche Post AG ADR DPSGY, +5.86% rose 5.86% to $51.60, and Expeditors International of Washington Inc. EXPD, +3.49% rose 3.49% to $102.96. Trading volume (3.1 M) eclipsed its 50-day average volume of 2.3 M.