United Parcel Service (UPS) Stock Is Plunging 0.59% At The Beginning Of The Week

United Parcel Service stock closed on July 12, 2021, with the rate of $213.35 carrying out the loss of 0.59% since the opening of the market the very day. The company shows a good result over the last month increasing its stock price from $195.87 on June 17, 2021, to the current $213.35. The amplitude is 8.92% which invokes interest in this company. United Parcel Service, Inc. is a message and bundle transport company that also offers mass transit, supply chain, and business institutions. It works in multiple segments: residential package in the United States, worldwide package, and distribution network and freight. The domestic package sector in the United States provides time-definite transfer of documents, files, small packages, and inventoried freight via air-land services in the United States.

As the world is recovering from the coronavirus pandemic, more and more flights and cargo are transported every day. This can be the starting point for the rise in the price of UPC shares since this is their main activity.

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