Tag: iShares Transportation Average ETF
-
UPS stock suffers biggest selloff in 17 years as volumes were ‘significantly lower’ than expected in March
[ad_1] Shares of United Parcel Service Inc. took a beating Tuesday, to suffer their worst performance in 17 years, after the package delivery giant fell short of revenue expectations, as drop-off in demand late in the first quarter led to lower-than-anticipated volume. While first-quarter profit declined in line with forecasts and consolidated operating margin was…