UPS Stock Hits Nearly 5-Year Low, Leading S&P 500 Decliners

UPS Stock Hits Nearly 5-Year Low, Leading S&P 500 Decliners

UPS Stock Falls to Lowest Level Since 2020, Leading S&P 500 Decliners

United Parcel Service (UPS) shares tumbled 5% on Tuesday, closing at $109.95, their lowest level in nearly five years. The shipping giant led the S&P 500 losers for the day, marking another sharp decline in its stock performance.

This closing price was the lowest since June 29, 2020, when shares ended trading at $109.48. Despite the steep drop, the company did not release any filings or press statements through the Securities and Exchange Commission (SEC) or other official channels on Tuesday.

The stock has struggled significantly in recent months. On January 30, UPS shares plummeted 14% after reporting weaker-than-expected fourth-quarter earnings. The company also announced plans to scale back its partnership with Amazon (AMZN), its largest customer.

Since reaching an all-time high of $232.11 on February 2, 2022, amid peak pandemic-driven demand, UPS shares have lost more than half their value, reflecting ongoing challenges in the logistics sector.