Visit the full analysis for the latest explanation of United Parcel Service's stock movement.
UPS is the world's largest package delivery company, operating a massive ground and air logistics network serving businesses and consumers globally. The company is in the midst of a major restructuring — cutting up to 30,000 jobs, closing facilities, and reducing its dependence on Amazon — which has driven significant share price volatility in recent weeks. Today's announcement of 22 specific facility closures puts a finer point on that restructuring plan and is at the center of the current selloff.