March 1, 2023

FedEx Corp. stock falls Tuesday, underperforms market

Shares of FedEx Corp. FDX shed 0.41% to $203.22 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.30% to 3,970.15 and Dow Jones Industrial Average DJIA falling 0.71% to 32,656.70. FedEx Corp. closed $45.54 below its 52-week high ($248.76), which the company reached on June 24th.

The stock underperformed when compared to some of its competitors Tuesday, as United Parcel Service Inc. Cl B UPS rose 0.14% to $182.49. Trading volume (1.5 M) remained 651,922…

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