Note to Investors: Robbins LLP is informing shareholders of the class action lawsuit filed against United Parcel Service, Inc.

SAN DIEGO, Oct. 11, 2024 (GLOBE NEWSWIRE) —

Robbins LLP notifies investors that a shareholder has filed a class action lawsuit on behalf of all individuals and entities that purchased or otherwise acquired United Parcel Service, Inc. (NYSE: UPS) securities between January 30, 2024 and July 22, 2024 submitted. UPS is a multinational package delivery and supply chain management solutions company that operates in more than 200 countries and territories.

For more information, submit a form, email attorney Aaron Dumas, Jr., or call us at (800) 350-6003.

The allegations: Robbins LLP is investigating allegations that United Parcel Service, Inc. (UPS) misled investors about its business prospects

According to the complaint, throughout the Class Period, defendants created the false impression that they had reliable information about the Company’s projected revenue outlook and expected growth while minimizing risk due to seasonality and macroeconomic fluctuations. In fact, UPS’s optimistic growth reports, plans to deal with volume fluctuations, impending earnings growth and persistent claims that the first quarter would have the worst margins of the fiscal year fell short of reality. The company was not truly prepared to handle an increase in volume without a corresponding significant decline in operating margin.

The plaintiff alleges that the truth emerged on July 23, 2024, when UPS announced its financial results for the second quarter of fiscal 2024, issued lower-than-expected guidance for the third quarter, and lowered its margin guidance for the full fiscal year 2024. The company attributed its results and lowered forecasts to the shift in “US volume mix in terms of both product and customer segmentation.” . . “On this news, the price of UPS common stock fell from $145.18 per share on July 22, 2024 to a closing price of $127.68 per share on July 23, 2024, according to Complaint represents a decline of $17.50 per share, or approximately 12.05%.

What now: You may be eligible to participate in the class action lawsuit against United Parcel Service, Inc. Shareholders who wish to serve as lead plaintiff in the class action must file their petition with the Court by December 9, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to be a party to the case to be eligible for compensation. If you choose to take no action, you may remain an absent student. For more information click Here.

All representations are made on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: Some law firms issuing press releases on this matter are not actually pursuing securities class actions. Robbins LLP does. Robbins LLP’s attorneys and staff are recognized leaders in shareholder rights litigation and have been committed since 2002 to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their misconduct pull. Since our founding, we have received over $1 billion for shareholders.

To be notified when a class action lawsuit against United Parcel Service, Inc. is settled, or to receive free alerts when company executives commit misconduct, sign up Stock Monitoring Today.

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Note to Investors: Robbins LLP is informing shareholders of the class action lawsuit filed against United Parcel Service, Inc.