Shares of FedEx Corp. FDX shed 2.73% to $214.54 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.79% to 4,328.87 and Dow Jones Industrial Average DJIA falling 0.53% to 33,614.80. The stock’s fall snapped a two-day winning streak. FedEx Corp. closed $105.36 below 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 Friday, as United Parcel Service Inc. Cl B UPS fell 0.96% to $210.39, Deutsche Post AG ADR DPSGY fell 6.42% to $45.07, and Expeditors International of Washington Inc. EXPD fell 1.86% to $99.52. Trading volume (2.4 M) eclipsed its 50-day average volume of 2.2 M.
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