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Monday, August 8, 2022

FedEx Corp. stock outperforms market on strong trading day

Shares of FedEx Corp.

rallied 7.16% to $243.24 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index

rising 3.06% to 3,911.74 and the Dow Jones Industrial Average

rising 2.68% to 31,500.68. The stock’s rise snapped a two-day losing streak. FedEx Corp. closed $59.42 below its 52-week high ($302.66), which the company achieved on July 13th.

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

rose 2.61% to $183.30, Deutsche Post AG ADR

rose 2.85% to $38.19, and Expeditors International of Washington Inc.

rose 4.21% to $100.49. Trading volume (8.4 M) eclipsed its 50-day average volume of 2.5 M.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.


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