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Did UPS Stock Really Warrant A Decline Following Its 2023 Guidance?

The stock price of United Parcel Service has seen a 5.1% drop over the last five trading days. The drop came after the company announced its outlook for 2023 with revenues to be in the range of $98 billion and $102 billion, and adjusted operating margin to be in the range of 10.5% and 12.0%.

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