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United Parcel (UPS) in Focus: Stock Moves 7.9% Higher
United Parcel Service, Inc. (UPS - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $113.76 to $145.47 in the past one-month time frame.
The company has seen six positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for UPS. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
UPS currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
United Parcel Service, Inc. Price
United Parcel Service, Inc. price | United Parcel Service, Inc. Quote
Another stock worth considering in the Transportation sector is Matson, Inc. (MATX - Free Report) which carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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