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Share Name | Share Symbol | Market | Type |
---|---|---|---|
United Parcel Service | NYSE:UPS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.57 | -0.39% | 146.65 | 148.20 | 146.42 | 147.96 | 2,039,148 | 00:40:01 |
By Maria Armental
United Parcel Service Inc.'s (UPS) board approved spending up to $8 billion to buy back company stock.
The Atlanta company, which ended the year with a $4.84 billion profit bolstered by higher shipping volumes, has bought back more than 96 million shares or $9 billion worth of stock over the past three years.
UPS had said it intends to buy $2.7 billion worth of shares this year, roughly the same amount it spent in 2015.
Shares, up 2% over the past 12 months, rose 1% to $103.12 in after-hours trading.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
May 05, 2016 20:27 ET (00:27 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year United Parcel Service Chart |
1 Month United Parcel Service Chart |
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