Overstock to sell retail unit and reportedly go all in on money-losing crypto business by February [CNBC]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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US:NYSE Investor Relations:
investors.ups.com
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Source: CNBC
Ken James | Bloomberg | Getty Images A United Parcel Service worker loads orders onto a truck in the shipping area at the Overstock.com distribution center in Salt Lake City, Utah. Overstock plans to sell its decades-old retail business in the next few months to make way for a full-blown bet on blockchain. The previously announced sale plans could go through as soon as February, the company's CEO told the Wall Street Journal in a report published Friday. Overstock founder and CEO Patrick Byrne — an ardent believer in the technology that underpins bitcoin and other cryptocurrencies — declined to name any of those potential buyers. Byrne founded Overstock in 1999 to sell goods like furniture and jewelry on the internet. He's now betting the future of that brand on multiple blockchain start-ups through its fully owned subsidiary called Medici Ventures. The Salt Lake City-based company has invested $175 million in Medici, which has been bur
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UPS
News
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Susquehanna from $150.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Oppenheimer Holdings Inc. from $153.00 to $157.00. They now have an "outperform" rating on the stock.MarketBeat
- UPS Surpasses Q1 Earnings Estimates, Reaffirms 2024 Guidance [Yahoo! Finance]Yahoo! Finance
- United Parcel Service (UPS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Why UPS Stock Is Up Today [Yahoo! Finance]Yahoo! Finance
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- UPS's page on the SEC website