Why UPS Stock Plunged in April
Rising trade tensions are not good news for companies that make their money transporting goods.
Shares of United Parcel Service (NYSE: UPS) plunged as much as 18% following the early April U.S. tariff announcement and were not able to regain much of that drop in the weeks that followed. UPS finished down 13.4% in April, according to data provided by S&P Global Market Intelligence.
Image source: UPS.
Source Fool.com
United Parcel Service Inc. Stock
€88.10
0.050%
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As a result the target price of 102 € shows a slightly positive potential of 15.78% compared to the current price of 88.1 € for United Parcel Service Inc..
