Why UPS Stock Couldn't Deliver for Investors on Tuesday
A crippling potential labor strike looming over United Parcel Service (NYSE: UPS) has been avoided. That's positive news for the company and the millions of Americans who receive packages delivered by the logistics specialist. It isn't, however, being taken well by UPS' investors.
On Tuesday, following news of a tentative agreement on a new contract being negotiated by the company and the Teamsters union backing its workers, those investors traded UPS stock down by nearly 2%. That was a steeper fall than the 0.3% decline of the S 500 index.
Both UPS and the Teamsters announced the news on Tuesday, with unsurprisingly different takes on it.
Source Fool.com
United Parcel Service Inc. Aktie
115,44 €
-0,79 %
Positive Community-Reaktionen für United Parcel Service Inc. mit einigen mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 157 € für United Parcel Service Inc. weist auf eine Steigerung von über 20% gegenüber dem aktuellen Kurs von 115.44 € hin.
