Shares of FedEx Corp.
advanced 4.52% to $261.85 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
falling 1.64% to 4,330.00 and Dow Jones Industrial Average
falling 1.08% to 34,070.42.
This was the stock’s third consecutive day of gains.
FedEx Corp. closed $9.10 short of its 52-week high ($270.95), which the company reached on July 31st.
The stock outperformed some of its competitors Thursday, as United Parcel Service Inc. Cl B
fell 1.40% to $155.43.
Trading volume (7.1 M) eclipsed its 50-day average volume of 1.7 M.