United Parcel Service Inc. (UPS) Moves Higher on Volume Spike for December 26

Equities Staff  |

United Parcel Service Inc. (UPS) traded on unusually high volume on Dec. 26, as the stock gained 7.48% to close at $96.61. On the day, United Parcel Service Inc. saw 6.14 million shares trade hands on 50,130 trades. Considering that the stock averages only a daily volume of 3.65 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $135.53 and $89.89 over the last 52-weeks, its 50-day SMA is now $107.89, and its 200-day SMA $111.28. United Parcel Service Inc. has a P/B ratio of 26.76. It also has a P/E ratio of 14.4.

As the world's largest parcel delivery company, United Parcel Service uses more than 500 planes and 100,000 vehicles to deliver on average million packages per day to residences and businesses around the globe. Domestic package operations generate about 62% of consolidated revenue, and international package adds 20%; less-than-truckload freight delivery, freight forwarding, logistics services, and retail stores contribute another 18% of sales.

Headquartered in Atlanta, GA, United Parcel Service Inc. has 454,000 employees and is currently under the leadership of CEO David P. Abney.

For a complete fundamental analysis analysis of United Parcel Service Inc., check out Equities.com’s Stock Valuation Analysis report for UPS.

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To get more information on United Parcel Service Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: UPS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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