UPS shares are trading lower after the company provided details on the costs incurred as a result of the new Teamsters contract.
Portfolio Pulse from Bill Haddad
UPS shares are trading lower after the company provided details on the costs incurred as a result of the new Teamsters contract.
September 12, 2023 | 7:32 pm
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NEGATIVE IMPACT
UPS shares are trading lower due to the costs incurred from the new Teamsters contract.
The new Teamsters contract has resulted in additional costs for UPS, which has negatively impacted the company's stock price. Investors are reacting to this news by selling their shares, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100