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Should You Buy United Parcel Service, Inc. (UPS) Stock on Friday?

Friday, March 17, 2023 01:16 PM | InvestorsObserver Analysts

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Should You Buy United Parcel Service, Inc. (UPS) Stock on Friday?

Overall market sentiment has been high on United Parcel Service, Inc. (UPS) stock lately. UPS receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
United Parcel Service, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UPS!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With UPS Stock Today?

United Parcel Service, Inc. (UPS) stock is trading at $186.36 as of 1:10 PM on Friday, Mar 17, a loss of -$1.56, or -0.83% from the previous closing price of $187.92. Volume today is 3,200,113 compared to average volume of 2,824,521. The stock has traded between $185.46 and $191.94 so far today.

More About United Parcel Service, Inc.

As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 25 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder. Click Here to get the full Stock Report for United Parcel Service, Inc. stock.

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