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
€89.90
-0.490%
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 13.46% for United Parcel Service Inc. compared to the current price of 89.9 €.
