Why UPS Stock Ran Off the Road This Week
The Motley Fool
JULY 25, 2024
Higher costs and weak pricing caused United Parcel Service (NYSE: UPS) to miss expectations in the second quarter, and left analysts reconsidering the company's prospects for the quarters to come. Shares of UPS were down 11% for the week as of midday Thursday, according to data provided by S&P Global Market Intelligence , as investors react to reset expectations.
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