UPS Stock Struggles Amidst S&P 500 Decline
TL;DR Summary
United Parcel Service (NYSE: UPS) stock is down nearly 8% as investors are concerned about the near-term outlook despite the company's exciting long-term targets, including an increased revenue target for 2026. UPS warned of a tough current quarter with profits expected to be down 40% year over year, prompting aggressive cost-cutting measures. The stock has underperformed archrival FedEx, and while there is potential, management needs to demonstrate progress before investor confidence is restored.
- Why United Parcel Service Stock Is Sputtering Today Yahoo Finance
- UPS limps into Tuesday's close as S&P 500's biggest decliner of the day (UPS) Seeking Alpha
- You May Want to Wait to Trade UPS Until It Delivers TheStreet
- Will UPS Stock Recover To Its Pre-Inflation Shock High Of $230? Forbes
- S&P 500 Gains and Losses Today: UPS Stock Tumbles Amid Near-Term Challenges Investopedia
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
85%
500 → 73 words
Want the full story? Read the original article
Read on Yahoo Finance