FedEx Corp. stock outperforms competitors on strong trading day


Shares of FedEx Corp.

inched 0.92% higher to $172.33 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index

falling 0.73% to 3,934.38 and Dow Jones Industrial Average

falling 0.90% to 33,476.46. The stock’s rise snapped a four-day losing streak. FedEx Corp. closed $94.46 short of its 52-week high ($266.79), which the company achieved on January 5th.

The stock outperformed some of its competitors Friday, as United Parcel Service Inc. Cl B

fell 1.11% to $177.64. Trading volume (1.5 M) remained 1.8 million below its 50-day average volume of 3.2 M.

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