Shares of FedEx Corp. FDX, -0.28% dropped 0.28% to $176.88 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.73% rising 0.73% to 4,019.65 and the Dow Jones Industrial Average DJIA, +0.30% rising 0.30% to 34,108.64. The stock’s fall snapped a two-day winning streak. FedEx Corp. closed $89.91 below its 52-week high ($266.79), which the company achieved on January 5th.
The stock underperformed when compared to some of its competitors Tuesday, as United Parcel Service Inc. Cl B UPS, +0.72% rose 0.72% to $183.85. Trading volume (2.7 M) remained 413,684 below its 50-day average volume of 3.2 M.