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
€85.78
0.670%
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With a target price of 105 € there is a positive potential of 22.41% for United Parcel Service Inc. compared to the current price of 85.78 €.
