DJ FedEx Corp. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of FedEx Corp. $(FDX)$ inched 0.02% higher to $297.24 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.16% to 41,240.52 and the S&P 500 Index falling 0.32% to 5,616.84.
This was the stock's 11th consecutive day of gains.
FedEx Corp. closed $16.60 short of its 52-week high ($313.84), which the company achieved on July 16th.
The stock underperformed when compared to some of its competitors Monday, as United Parcel Service Inc. Cl B $(UPS)$ rose 1.01% to $129.26.
Trading volume (771,368) remained 1.1 million below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 26, 2024.
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August 26, 2024 16:47 ET (20:47 GMT)
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