Why United Parcel Service Stock Is Delivering for Investors Today
UPS(UPS) The Motley Fool·2024-03-04 20:14United Parcel Service (UPS 2.45%) shares have lost one-third of their value since early 2022, weighed down by slowing freight volumes and headlines about a massive raise for unionized workers. But an influential Wall Street publication said over the weekend that it is time to buy UPS shares, and investors are reacting.As a result, shares of UPS were up 3% as of 2 p.m. ET Eastern.Is the worst over for UPS?UPS is one of the world's largest shipping companies, but when demand for transportation slows, there is ...