Why UPS Stock Was Pulling Back Today
Shares of United Parcel Service (NYSE: UPS) were sliding today in sympathy with a weak quarterly earnings report from rival FedEx (NYSE: FDX). The latter missed estimates in its fiscal second quarter and lowered its guidance for the full year.
As of 11:02 a.m. ET on Wednesday, UPS stock was down 1.5% after falling as much as much as 3.2% earlier in the session. FedEx, on the other hand, was down 10.7%.
Image source: UPS.
Source Fool.com
United Parcel Service Inc. Stock
€90.60
0.220%
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 12.58% for United Parcel Service Inc. compared to the current price of 90.6 €.
