UPS stock price dives as Q4 results point to more shipping woes
UPSUPS(UPS) Invezz·2024-01-30 19:46

UPS (NYSE: UPS) stock price plunged by more than 5% in the pre-market after the company published a weak guidance. The shares crashed to a low of 150,thelowestlevelsinceNovember28lastyear.Theyhavepulledbackbyalmost9150, the lowest level since November 28 last year. They have pulled back by almost 9% from their highest point this year and by 21% from their highest point in 2023. UPS, one of the biggest shipping companies in the world, announced a mixed financial report. In a statement, the company said that its revenue dropped by 7.8% to 24.9 billion. Its operating profit a ...