United Parcel Service, Inc. Shares: Stuck In Traffic

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 4, 2014.

  1. cheryl

    cheryl I started this. Staff Member

    United Parcel Service, Inc. Shares: Stuck In Traffic - Benzinga

    United Parcel Service, Inc.
    stock has been trying to recover after coming out with disappointing earnings in late July. Will the current upside be sustainable or is it just a bounce in a bear market?

    UPS (NYSE: UPS) shares have been climbing gradually over the last few weeks following a nasty sell-off related to their most recent earnings report.

    The stock's rise of late may be at least in part attributable to the downward pressure on crude oil prices – which can obviously have a beneficial effect on all transportation issues that rely on gas for their fleets. How much more will continued downward pressure help UPS counteract the influences on stop-and-start global growth?