Here's Why UPS Stock Isn't Delivering Today
Shares of package delivery giant UPS (NYSE: UPS) were down by 3.5% as of 1 p.m. today. The sell-off coincides with an overall market decline, but some negative news from Delta Air Lines has also probably affected UPS.The transportation company is what's known as a cyclical company. Demand for its services ebbs and flows with economic activity and the willingness of consumers and corporations to engage in commerce and send and receive packages.So UPS investors don't want to see signs of waning confidence among consumers and corporates, but unfortunately, Delta Air Lines has given them some recently.Continue reading
Shares of package delivery giant UPS (NYSE: UPS) were down by 3.5% as of 1 p.m. today. The sell-off coincides with an overall market decline, but some negative news from Delta Air Lines has also probably affected UPS.
The transportation company is what's known as a cyclical company. Demand for its services ebbs and flows with economic activity and the willingness of consumers and corporations to engage in commerce and send and receive packages.
So UPS investors don't want to see signs of waning confidence among consumers and corporates, but unfortunately, Delta Air Lines has given them some recently.
