U.S. Congressman sells this stock day before its worst drop ever
UPSUPS(UPS) Finbold·2024-08-01 23:20

In a move raising eyebrows, U.S. Congressman Michael Burgess sold shares of United Parcel Service (NYSE: UPS) on July 22, just a day before the stock experienced its worst day in history. On July 23, UPS released a dismal Q2 earnings report that sent the stock plummeting.Following the report, UPS shares fell from $145.18 to $127.68, a dramatic 12% drop. This marked the stock’s steepest single-day decline, as investors reacted to the company’s weaker-than-expected performance. Since then, UPS has recovered s ...