United Parcel Service (UPS) closed at $198.05 in the latest trading session, marking a -1.18% move from the prior day.
What happened Shares of five-year-old electric vehicle start-up Arrival (NASDAQ: ARVL) were jumping Wednesday morning. After an initial 15% pop, Arrival shares pared some gains and were trading up 7.3% as of 9:40 a.
The market didn't take too kindly to UPS (NYSE: UPS) investor and analyst day presentation and promptly sold off the stock on the day of the event. Let's take a look at why investors are wrong to sell the stock off. Or at least it didn't live up to Wall Street analyst consensus estimates on one critical metric, free cash flow (FCF).