UPS stock slumps toward the longest losing streak in more than 4 years

ups-stock-slumps-toward-the-longest-losing-streak-in-more-than-4-years

Shares of United Parcel Service Inc. UPS, -1.55% fell 1.7% in afternoon trading toward a six-month low, putting them on track for the longest losing streak in more than four years. The package delivery giant’s stock has tumbled 15.7% over the past 10 sessions, all declines, which would be the longest stretch of losses since the 11-session losing streak that ended Feb. 12, 2018, according data compiled by Dow Jones Market Data group. The long losing streak comes during a time that the Dow Jones Transportation Average DJT, +0.21% has underperformed its sister index, the Dow Jones Industrial Average DJIA, -0.26%, by a wide margin, which many Wall Street technicians see as a warning of a potential economic slowdown. The Dow transports have slumped 13.1% over the past 10 days, while the Dow industrials have slipped 2.9%.

Source: Marketwatch

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