Why UPS Stock Couldn't Deliver for Investors on Tuesday
A crippling potential labor strike looming over United Parcel Service (NYSE: UPS) has been avoided. That's positive news for the company and the millions of Americans who receive packages delivered by the logistics specialist. It isn't, however, being taken well by UPS' investors.
On Tuesday, following news of a tentative agreement on a new contract being negotiated by the company and the Teamsters union backing its workers, those investors traded UPS stock down by nearly 2%. That was a steeper fall than the 0.3% decline of the S 500 index.
Both UPS and the Teamsters announced the news on Tuesday, with unsurprisingly different takes on it.
Source Fool.com
United Parcel Service Inc. Stock
€136.00
-0.070%
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 162 € shows a slightly positive potential of 19.12% compared to the current price of 136.0 € for United Parcel Service Inc..
