Why UPS Stock Disappointed Investors Last Year (and Why It Could Come Back in 2024)

Shares in UPS (UPS 0.76%) declined by slightly more than 9.5% in 2023, according to data provided by S&P Global Market Intelligence. The move contrasts sharply with the 46% gain of its rival, FedEx, over the same period. What went so badly wrong for UPS in 2023, and where is it heading in 2024?Three things that went against UPS stock in 2023First, there's a difference between something working against a company and something working against its stock. It's a subtle but telling differentiation. In this case, ...