United Parcel Service Inc. (NYSE: UPS) announced its quarterly results before the market opened today with earnings per share (EPS) coming in at $1.44 against a consensus estimate of $1.44 meetign expectations. United Parcel Service Inc. (NYSE: UPS) reported revenue for the quarter came in at $14,928 billion versus the consensus estimate of $14,730 billion beating analysts expectations.
The company’s quarterly revenue was 490.00%% on a year-over-year basis.
Share prices can move sharply, up or down depending on earnings results and United Parcel Service Inc. (NYSE: UPS) shares traded down $-1.77 or -163.00%% today, last trading at $106.84.
United Parcel Service Inc. (NYSE: UPS) opened at $109.25 and have traded in a range between, $105.87 and, $109.25 in early trading today.
United Parcel Service Inc. (NYSE: UPS) now has a market cap of $93.81B and a consensus one year price target of $111.53
United Parcel Service Inc. (NYSE: UPS) Average Daily Trading Volume
The stocks average daily volume is 2,277,500 shares out of a total float 694,444,000 of and some 836,695 shares crossed the trading desk yesterday, 49 percent lower than normal. Look for trading volume to pick up in the coming days as investors often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.
More often than not investors can look for an increase in trading volume in the near-term and long-term.
Investors often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have teams of analysts researching thousands of stocks, so it is good confirmation to see what positions major investors are taking on a stock.
United Parcel Service Inc. (NYSE: UPS) Moving Averages
By being able to spot trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
With that in mind United Parcel Service Inc. (NYSE: UPS) now has a 50-day MA is $108.43 and 200-day MA is $106.97, and it has traded in a 52-week range between $87.30 – 111.83 and yesterday’s last price was -446.00% percent off the 52 week high of $111.83.
Indeed, earnings growth is among the most important things to look in regards to stock investing and, accordingly, investors seek companies who have been successful at growing their earnings by at least 25 percent over a 3 year period.
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