UPS Stock Recent News
UPS LATEST HEADLINES
UPS CEO Carol Tomé joins 'The Exchange' with CNBC's Morgan Brennan to discuss the company's 2026 financial targets, margin growth, and more.
UPS presented a rosy outlook at its annual investor day, but warned of near-term headwinds. The stock is underperforming archrival FedEx, and investors appear to be waiting to see signs of a turnaround before jumping in.
United Parcel Service (UPS) released projections Tuesday that beat estimates, as the delivery giant works to cut costs amid a slowdown in shipping demand.
UPS stock (NYSE: UPS) currently trades at $156 per share, 32% below the peak level of $232 seen in February 2022, and it seems appropriately priced, in our view. UPS stock was trading at around $182 in early June 2022, just before the Fed started increasing rates, and is now 15% below that level, compared to 38% gains for the S&P 500 during this period.
United Parcel Service (UPS) reachead $156.27 at the closing of the latest trading day, reflecting a +0.61% change compared to its last close.
The latest deal to open a new hub at the Clark Airport in the Philippines is part of UPS's ongoing expansion plans in the Asia Pacific.
Amid a turnaround, United Parcel Service announced a token dividend increase in January to extend its dividend growth streak to 15 years. The company's Q4 2023 results were mixed, with revenue slightly missing analysts' expectations and non-GAAP EPS surpassing expectations. Despite experiencing temporary operating issues, UPS was able to service its debt from earnings with ease in 2023.
In the latest trading session, United Parcel Service (UPS) closed at $155.32, marking a +0.36% move from the previous day.
UPS (UPS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Li-Cycle Holdings, the battery recycling firm, saw shares soar 36% higher after it revealed it secured a US$75 million investment through a convertible note from mining and commodities giant Glencore. Glencore PLC (LSE:GLEN) initially agreed to a US$200 million investment into Li-Cycle back in 2022, when it purchased a first convertible note.