UPS shares hit three-month low on worries e-commerce is cooling

[cheryl]

UPS shares hit three-month low on worries e-commerce is cooling - Reuters

United Parcel Service Inc shares fell to a three-month low on Tuesday on worries that growth from the pandemic-fueled e-commerce boom may be fading.

The company said second-quarter domestic volume fell 2.9%, with ground - composed largely of e-commerce deliveries - dropping 4% versus the year earlier.

"Investors are likely reading this as an indication the pandemic-driven demand trend is slowing," Cowen Research analyst Helane Becker said in a client note.

The stock was down 9.3% at $190.32 in midday trading, its lowest price since late April.

 

[IVE GOTTA PACKAGE 4U]

On the bright side now the dividend yield is over 2%

 

[Lineandinitial]

UPS shares hit three-month low on worries e-commerce is cooling - Reuters

United Parcel Service Inc shares fell to a three-month low on Tuesday on worries that growth from the pandemic-fueled e-commerce boom may be fading.

The company said second-quarter domestic volume fell 2.9%, with ground - composed largely of e-commerce deliveries - dropping 4% versus the year earlier.

"Investors are likely reading this as an indication the pandemic-driven demand trend is slowing," Cowen Research analyst Helane Becker said in a client note.

The stock was down 9.3% at $190.32 in midday trading, its lowest price since late April.

Carol's "outstanding" leadership skills are going to catch up to her...Just like the -in-chief.......

Doing nothing but talking has a time limit.

 

[Karma...]

only establishing a baseline per "better not bigger ".....not to worry....as long as the div keeps improving every year....

 

[IVE GOTTA PACKAGE 4U]

only establishing a baseline per "better not bigger ".....not to worry....as long as the div keeps improving every year....

If the stock goes down to $95 a share your dividend will be over 4 %

 

[DELACROIX]

UPS shares hit three-month low on worries e-commerce is cooling - Reuters

United Parcel Service Inc shares fell to a three-month low on Tuesday on worries that growth from the pandemic-fueled e-commerce boom may be fading.

The company said second-quarter domestic volume fell 2.9%, with ground - composed largely of e-commerce deliveries - dropping 4% versus the year earlier.

"Investors are likely reading this as an indication the pandemic-driven demand trend is slowing," Cowen Research analyst Helane Becker said in a client note.

The stock was down 9.3% at $190.32 in midday trading, its lowest price since late April.

It could be that people are now going to the brick and mortars for goods, vaccines a plenty wages climbing and markets doing well.

UPS stock has out performed the SP 500 by 20 points.