United Parcel Service (UPS) : On Wednesday, The money flowed into the United Parcel Service (UPS) stock with an uptick to downtick ratio was recorded at 1.52. Transactions worth $35.76 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $23.46 million. The total money flow into the stock was $12.3 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $13.76 million of block transactions on upticks. The total money flow in block trades was $13.76 million. In terms of price action, United Parcel Service (UPS) traded down $0.05 during the session at $110.59. Compared to the previous days closing, the stock was down only by -0.05%. For the week, the stock is -0.4%, over previous weeks closing.
Also, In a research note released to the investors, Citigroup maintains its rating on United Parcel Service (NYSE:UPS).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $102 per share to $109 per share. The rating by the firm was issued on April 29, 2016.
United Parcel Service (NYSE:UPS): The stock opened at $110.70 on Wednesday but the bulls could not build on the opening and the stock topped out at $110.95 for the day. The stock traded down to $110.33 during the day, due to lack of any buying support eventually closed down at $110.59 with a loss of -0.05% for the day. The stock had closed at $110.64 on the previous day. The total traded volume was 1,329,828 shares.
The stock has recorded a 20-day Moving Average of 2.22% and the 50-Day Moving Average is 5.32%. In a related news,The officer (Senior Vice President) of United Parcel Service Inc, Barnes David A sold 11,712 shares at $102.47 on May 25, 2016. The Insider selling transaction had a total value worth of $1,200,129. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
United Parcel Service, Inc. is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages in over 220 countries and territories. It also provides control and visibility of customers inventories and supply chains via its UPS technology platform. The Company offers transportation, distribution, forwarding, ground freight, ocean freight, air freight, brokerage and financing services. It operates in three segments: U.S. Domestic Package, International Package and Supply Chain & Freight. Its WorldShip is a desktop shipping application that provides middle market and large customers with shipping capabilities. Customers can create custom labels, set up shipment alerts, create and upload customs documentation, track and export shipments, create reports and integrate with their enterprise resource planning and accounting systems. UPS marketplace shipping allows marketplace sellers to ship their orders via www.ups.com or WorldShip.