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. Stock
€91.10
1.020%
The stock is one of the favorites of our community with 27 Buy predictions and 4 Sell predictions.
With a target price of 102 € there is a slightly positive potential of 11.96% for United Parcel Service Inc. compared to the current price of 91.1 €.
