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The Latest UPS Headlines
UPS shares fall as investors fret over post-pandemic growth plan
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<blockquote data-quote="cheryl" data-source="post: 4889580" data-attributes="member: 1"><p><a href="https://www.reuters.com/business/ups-expects-about-100-bln-total-revenue-2023-2021-06-09/" target="_blank"><strong>UPS shares fall as investors fret over post-pandemic growth plan - Reuters</strong></a></p><p></p><p>United Parcel Service Inc shares fell as much as 6% on Wednesday as the company known for delivering everything from Amazon.com packages to coronavirus vaccines forecast disappointing post-pandemic U.S. margins.</p><p></p><p>UPS shares have nearly doubled over the last year - fueled by surging pandemic-related shipments of everything from food and furniture to medical masks and vaccines.</p><p></p><p>They pared losses to trade down 4.6% at $200.19 on Wednesday afternoon after falling as low as $197. That came as analysts pressed executives on how UPS will maintain momentum as demand moderates, pandemic surcharges roll off, and competitors - including its No. 1 customer, Amazon.com Inc - rise.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4889580, member: 1"] [URL='https://www.reuters.com/business/ups-expects-about-100-bln-total-revenue-2023-2021-06-09/'][B]UPS shares fall as investors fret over post-pandemic growth plan - Reuters[/B][/URL] United Parcel Service Inc shares fell as much as 6% on Wednesday as the company known for delivering everything from Amazon.com packages to coronavirus vaccines forecast disappointing post-pandemic U.S. margins. UPS shares have nearly doubled over the last year - fueled by surging pandemic-related shipments of everything from food and furniture to medical masks and vaccines. They pared losses to trade down 4.6% at $200.19 on Wednesday afternoon after falling as low as $197. That came as analysts pressed executives on how UPS will maintain momentum as demand moderates, pandemic surcharges roll off, and competitors - including its No. 1 customer, Amazon.com Inc - rise. [/QUOTE]
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UPS shares fall as investors fret over post-pandemic growth plan
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