UPS Stock Recent News

UPS announced in April it was cutting 20,000 jobs and closing 73 facilities.

The company is cutting costs because of flat parcel volumes, rising labor costs and a long stock-price slide.

Parcel giant UPS said on Thursday it will offer voluntary buyouts to its full-time U.S. drivers as part of the largest network reconfiguration in its history — a sweeping overhaul that includes cutting 20,000 jobs and closing 73 facilities.

United Parcel Service (UPS) closed the most recent trading day at $105.54, moving +1.02% from the previous trading session.

FedEx and UPS are undervalued after significant declines, offering attractive yields and long-term upside for value investors despite ongoing headwinds. FedEx boasts a well-covered 2.44% dividend yield, strong cash flow, aggressive share buybacks, and cost-cutting initiatives supporting future growth. UPS, in a turnaround phase, offers a high 6.5% yield, ongoing restructuring, and cost savings, with a solid balance sheet and long-term price appreciation potential.

After a challenging year, United Parcel Service NYSE: UPS is showing its investors a welcome sight: green arrows. The transportation sector stock has gained over 5% in the last month, a notable reversal that has outpaced the broader S&P 500 index.

UPS trades at a premium to the industry, but soft demand, high costs, and falling estimates raise near-term caution flags.

Blue Star Capital PLC (AIM:BLU) share rose in Thursday's early deals, as it confirmed it had raised its holding in SatoshiPay to 50%. Acquiring an additional 4,500 shares, representing 22% of SatoshiPay, the listed company further consolidated its stake.

As potential buy-the-dip targets, FedEx (FDX) and UPS (UPS) stock are very appealing in terms of value.

These dividend stocks are well-positioned to compound your gains for decades. Their underlying businesses are evergreen.