Why UPS And FedEx Are Trading Higher Today

Shares of United Parcel Service, Inc. UPS and FedEx Corporation FDX are trading higher after Wolfe Research upgraded the stocks from Peer Perform to Outperform.

UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities.

UPS shares were trading 3% higher at $210.30 on Monday at the time of publication. The stock set a new 52-week high of $211.44 and has a 52-week low of $88.85.

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services.

FedEx shares were trading 3.5% higher at $300.48. The stock has a 52-week high of $305.66 and a 52-week low of $103.40.