Here's Why Shares in UPS Slumped This Week

Shares in UPS (UPS 0.36%) declined by 10.6% in the week to Friday morning, according to data provided by S&P Global Market Intelligence. There are no prizes for guessing why. The company's fourth-quarter earnings report left investors feeling underwhelmed on Tuesday after management gave lackluster guidance for 2024 and warned investors it's likely to get worse before it gets better.UPS struggles in 2023It's fair to say last year wasn't an outstanding one for UPS. The company got hit with weaker-than-expect ...