DJ FedEx Corp. Stock Underperforms Wednesday When Compared To Competitors
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Shares of FedEx Corp. $(FDX)$ slipped 1.72% to $288.03 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 5,917.11 and the Dow Jones Industrial Average rising 0.32% to 43,408.47.
This was the stock's second consecutive day of losses.
FedEx Corp. closed $25.81 short of its 52-week high ($313.84), which the company reached on July 16th.
The stock underperformed when compared to some of its competitors Wednesday, as United Parcel Service Inc. Cl B $(UPS)$ fell 0.83% to $132.09.
Trading volume (1.4 M) remained 501,881 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 20, 2024.
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(END) Dow Jones Newswires
November 20, 2024 16:47 ET (21:47 GMT)
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