United Parcel Service (UPS) Shares are Up 0.6%

United Parcel Service (UPS) has been under a strong bear grip, hence the stock is down -0.19% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.63% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.6% in the last 1 week, and is up 0.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

United Parcel Service, Inc. is up 9.7% in the last 3-month period. Year-to-Date the stock performance stands at 17.54%. The stock has recorded a 20-day Moving Average of 1.67% and the 50-Day Moving Average is 2.9%.


United Parcel Service (NYSE:UPS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $110.42 and $110.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $110.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $110.57, notching a gain of 0.07% for the day. The total traded volume was 1,613,385 . The stock had closed at $110.49 on the previous day.

Also, Argus Research maintains their rating on the shares of United Parcel Service (NYSE:UPS). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $125 per share from $115 per share. The rating by the firm was issued on August 2, 2016.

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.

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