Why Shares of United Parcel Service Gained Ground in August

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Why Shares of United Parcel Service Gained Ground in August - NASDAQ

What happened


Shares of United Parcel Service were up 14.6% in August, according to data provided by S&P Global Market Intelligence, building on late-July gains after solid second-quarter results. UPS has held up well through the pandemic and appears to have some pricing power heading into the winter holiday season, giving investors plenty of reason to get excited.

So what

COVID-19 has altered business for UPS and other transportation companies, causing some disruptions to operations but also adding new opportunities as e-commerce flourishes. We didn't really know how that would all play out in terms of earnings until July 30, when UPS delivered a quarter that far exceeded expectations.
 
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