Shares of FedEx Corp. FDX, -0.53% slumped 0.56% to $222.95 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, -0.28% rising 0.83% to 4,399.76 and the Dow Jones Industrial Average DJIA, -0.15% rising 0.98% to 34,754.94. This was the stock’s second consecutive day of losses. FedEx Corp. closed $96.95 below its 52-week high ($319.90), which the company achieved on May 27th.
The stock underperformed when compared to some of its competitors Thursday, as United Parcel Service Inc. Cl B UPS, 0.47% rose 0.50% to $181.60, Deutsche Post AG ADR DPSGY, -1.41% rose 0.63% to $62.31, and Expeditors International of Washington Inc. EXPD, -1.84% fell 0.16% to $115.47. Trading volume (3.9 M) eclipsed its 50-day average volume of 2.9 M.