Why UPS Stock Is Falling Today
sounded the alarm, and investors in its archrival are taking notice.
Shares of United Parcel Service (NYSE: UPS) traded down 3% as of 2 p.m. ET after FedEx missed quarterly expectations and lowered its full-year forecast.
Transportation companies have been stuck in traffic for the last few years. A surge in shipments after the height of the pandemic gave way to a slowdown as the economy cooled and interest rates spiked higher, leading to soft pricing.
Source Fool.com
Fedex Corp. Aktie
267,20 €
0,19 %
Die Community unterstützt Fedex Corp. stark, mit vielen Buy- und wenigen Sell-Einschätzungen.
Für Fedex Corp. sieht die Community ein leicht positives Kursziel von 309 €, verglichen mit dem aktuellen Kurs von 267.2 €.
