UPS Stock Is Slumping. New CEO Carol Tome Bought a Large Block of It. - Barron's
United Parcel Service stock has tumbled this year in the chaos of the coronavirus pandemic, but Carol Tome, the logistics giant’s new CEO, bought a large block of shares.
UPS stock sports a year-to-date loss of 8.9%. First-quarter earnings disappointed, although sales topped expectations. The company’s drivers are traveling farther and making more stops for lower-margin home deliveries, hammering margins.
United Parcel Service stock has tumbled this year in the chaos of the coronavirus pandemic, but Carol Tome, the logistics giant’s new CEO, bought a large block of shares.
UPS stock sports a year-to-date loss of 8.9%. First-quarter earnings disappointed, although sales topped expectations. The company’s drivers are traveling farther and making more stops for lower-margin home deliveries, hammering margins.