Why United Parcel Service Stock Zoomed Higher Today
United Parcel Service (NYSE: UPS) stock was a winner on Monday, rising by 2.5% in price after encouraging news about an important labor negotiation hit the headlines. That performance easily topped that of the S 500 index, which saw a bump of barely over 0.1% on the day.
UPS and the large, influential Teamsters union are currently locked in negotiations over a new contract for the company's workers. The current one expires on July 31, and both parties are eager to have an acceptable replacement before that date.
The latest offer from UPS was handed over Friday afternoon. Encouragingly, the Teamsters indicated that it was an improvement over the logistics giant's previous proposals.
Source Fool.com
United Parcel Service Inc. Stock
€126.98
-1.000%
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 positive potential of 27.58% compared to the current price of 126.98 € for United Parcel Service Inc..
