Shares of FedEx Corp. FDX, -1.61% slid 1.61% to $228.46 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.38% falling 0.38% to 4,401.67 and Dow Jones Industrial Average DJIA, -0.49% falling 0.49% to 34,566.17. This was the stock’s third consecutive day of losses. FedEx Corp. closed $91.44 short of its 52-week high ($319.90), which the company reached on May 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as United Parcel Service Inc. Cl B UPS, +0.23% rose 0.23% to $213.99, Deutsche Post AG ADR DPSGY, -2.28% fell 2.28% to $57.80, and Expeditors International of Washington Inc. EXPD, -0.20% fell 0.20% to $107.01. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.3 M.