Here's Why UPS Stock Isn't Delivering Today
Shares of package delivery giant (NYSE: UPS) were down by 3.5% as of 1 p.m. today. The sell-off coincides with an overall market decline, but some negative news from Delta Air Lines has also probably affected UPS.
The transportation company is what's known as a cyclical company. Demand for its services ebbs and flows with economic activity and the willingness of consumers and corporations to engage in commerce and send and receive packages.
So UPS investors don't want to see signs of waning confidence among consumers and corporates, but unfortunately, Delta Air Lines has given them some recently.
Source Fool.com
United Parcel Service Inc. Aktie
90,48 €
0,54 %
Leichtes Buy-Übergewicht bei der United Parcel Service Inc. Aktie mit 43 zu 7 Einschätzungen.
Ein positives Kurspotenzial für United Parcel Service Inc. ist gegeben, mit einem Kursziel von 103 € über dem aktuellen Kurs von 90.48 €.
