Why United Parcel Service (UPS) Stock Skyrocketed This Week
UPS(US:UPS) The Motley Fool·2025-10-31 18:48The delivery stock jumped. Here's why.Shares of United Parcel Service (UPS +1.58%) are jumping this week, up 10.3% as of 2:36 p.m. ET on Friday. The move comes as the S&P 500 has gained 0.7% and the Nasdaq-100 2%.The delivery and logistics company reported its Q3 numbers this week, topping consensus estimates from Wall Street. The company also announced it has laid off a significant amount of its workforce as part of its cost-cutting measures.UPS beats consensus targetsDespite a year-over-year decline in bo ...