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Should You Buy United Parcel Service (UPS) Stock While It's Below $185?
UPSUPS(UPS) The Motley Fool·2024-12-28 10:10

Is this dusty old dividend stock ready to bounce back?United Parcel Service's (UPS -0.20%) stock closed at an all-time high of 206.37pershareonFeb.2,2022.Atthetime,manyinvestorswereimpressedbyitsstablegrowth,widemoat,andrisingshipmentsfore−commerceplatforms.However,aftersettingthatrecordhigh,UPS′sstockpricepulledbacknearly40206.37 per share on Feb. 2, 2022. At the time, many investors were impressed by its stable growth, wide moat, and rising shipments for e-commerce platforms.However, after setting that record high, UPS's stock price pulled back nearly 40% to about 125. It dropped as it lapped its pandemic-driven growth spurt in deliveries in 2021, struggled with higher fuel and labor costs, and los ...