UPS Stock Closes at Lowest Level in Nearly 5 Years

United Parcel Service (

UPS

) was the worst-performing stock in the
S&P 500
on Tuesday as the shipping giant’s shares closed at their lowest level in nearly five years.

UPS shares fell 5% to $109.95, their lowest level since June 29, 2020, when they ended trading at $109.48.

The company did not appear to issue a
Securities and Exchange Commission (SEC)
filing or press release Tuesday.

UPS shares plummeted 14% on Jan. 30, when the company reported
weaker-than-expected fourth-quarter results
and said it was cutting its business with Amazon (

AMZN

), its largest customer. They have lost more than half their value since closing at an all-time high of $232.11 on Feb. 2, 2022, amid record pandemic demand.

UPDATE: This article has been updated with closing stock price levels.

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