Ups stock price slipped to $145

UPS stock price slipped to $145.90 as investors rotated into tech stocks. Nonetheless, sector fundamentals remain solid, supported by contractual rate adjustments with major clients. However, QCi did issue and sell more shares last month through a $500 million private placement. A private placement is different than a stock split, since it increases the number of shares in circulation. In this case, QCI sold 26.9 million shares to large shareholders and an institutional investor. Multiple analysts have issued price targets for $UPS recently. We have seen 15 analysts offer price targets for $UPS in the last 6 months, with a median target of $100.0. UPS stock price marked an intraday high of $147.25 before easing to $146.