Shares of FedEx Corp. FDX, -0.25% sank 0.25% to $314.81 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.08% rising 0.08% to 4,204.11 and the Dow Jones Industrial Average DJIA, +0.19% rising 0.19% to 34,529.45. The stock’s fall snapped a two-day winning streak. FedEx Corp. closed $5.09 below its 52-week high ($319.90), which the company achieved on May 27th.
The stock underperformed when compared to some of its competitors Friday, as United Parcel Service Inc. Cl B UPS, +0.85% rose 0.85% to $214.60, Deutsche Post AG ADR DPSGY, -0.09% fell 0.09% to $67.94, and Expeditors International of Washington Inc. EXPD, +0.97% rose 0.97% to $125.69. Trading volume (1.0 M) remained 1.2 million below its 50-day average volume of 2.2 M.