If You'd Invested $1,000 in UPS 5 Years Ago, Here's How Much You'd Have Today

United Parcel Service (NYSE: UPS) is one of the largest shipping and logistics companies in the world. The company went public in 1999, raising a record-breaking nearly $5.5 billion at the time, which is still among the largest initial public offerings today.However, UPS has not fared well in recent years. The company struggled as shipping volume declined following the COVID-19 surge. Then, the sector went through what many experts believed to be a freight recession. At the beginning of the year, UPS surprised many on Wall Street when it announced that it would scale back its partnership with Amazon by about 50%.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool