FedEx Corp. stock underperforms Wednesday when compared to competitors

Shares of FedEx Corp. FDX, plunged 12.05% to $246.25 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, falling 1.47% to 4,698.35 and Dow Jones Industrial Average DJIA, falling 1.27% to 37,082.00. This was the stock's second consecutive day of losses. FedEx Corp. closed $39.28 below its 52-week high ($285.53), which the company reached on December 18th. The stock underperformed when compared to some of its competitors Wednesday, as United Parcel Service Inc. Cl B UPS, fell 2.88%...