Shares of FedEx Corp. and United Parcel Service Inc. rose on Monday, to deliver a more than 120-point boost to the Dow Jones Transportation Average, amid Bullish analysts’ remarks about the package delivery giants given signs of increasing e-commerce volume and improved prices. FedEx’s stock FDX, + 8.96% shot up …
Read More »UPS shares skyrocket to best day of all as surprisingly strong consumer demand yields big profits
Shares of United Parcel Services Inc. soared to their best day ever on Thursday as surprisingly strong consumer demand in the face of the COVID-19 pandemic offset the weakness in business demand and helped prepare the giant for delivering packages for the upcoming peak shopping season. Christmas came early for …
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