United Parcel Service (UPS) has been under a strong bear grip, hence the stock is down -2.02% 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 0.97% in the past 1 week. The stock has risen by 1.03% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.01% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.41% and the 50-Day Moving Average is 2.25%. United Parcel Service (NYSE:UPS): On Fridays trading session , Opening price of the stock was $109.97 with an intraday high of $110.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $109.62. However, the stock managed to close at $109.91, a loss of 0.19% for the day. On the previous day, the stock had closed at $110.12. The total traded volume of the day was 1,700,599 shares.
The company Insiders own 0.72% of United Parcel Service shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.21% . Institutional Investors own 53.49% of United Parcel Service shares. During last six month period, the net percent change held by insiders has seen a change of -7.21%. Also, In a research note released to the investors, Argus Research maintains its rating on United Parcel Service (NYSE:UPS).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Argus Research raises the new price target from $115 per share to $125 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.