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UPS stock suffers worst day in nearly 6 years after a big profit beat was offset by margin concerns – MarketWatch

Stock falls below key chart level for the first time since mid-May to sour the medium-term technical outlook

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Shares of United Parcel Service Inc. took a dive Wednesday, after the package delivery giants profit and revenue beats werent quite good enough to extend their recent run up, given concerns over the margin outlook for its largest domestic business.The stock
UPS,
-8.81%
tumbled 8.8% to $155.78, the lowest close since Aug. 6, and the biggest one-day plunge since it lost 9.9% on Jan. 23, 2015. Up until Tuesday, UPSs stock had soared 88.7% since the end of February, while the S&P 500 index
SPX,

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