Pitney Bowes (PBI) has risen sharply, recording gains of 4.61% in the past 4 weeks. However, the stock has corrected -3.57% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.07% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Pitney Bowes (NYSE:PBI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.38 and $18.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.62, notching a gain of 1.75% for the day. The total traded volume was 1,178,503 . The stock had closed at $18.30 on the previous day.
The stock has recorded a 20-day Moving Average of 0.33% and the 50-Day Moving Average is 1.61%. Pitney Bowes Inc. is up 2.53% in the last 3-month period. Year-to-Date the stock performance stands at -7.88%.
Pitney Bowes (PBI) : 4 Wall Street analysts covering Pitney Bowes (PBI) believe that the average level the stock could reach for the short term is $24.5. The maximum price target given is $28 and the minimum target for short term is around $20, hence the standard deviation is calculated at $3.42.
Pitney Bowes Inc. is a provider of technology solutions. The Company offers solutions for direct mail, transactional mail, customer engagement management and analytics, and e-commerce parcel management, along with digital channel messaging for the Web, e-mail and mobile applications. The Companys business is organized around three sets of solutions: small and medium business (SMB) Solutions, enterprise business solutions and digital commerce solutions (DCS). Its Enterprise Business Solutions includes equipment and services to process inbound and outbound mail. Its SMB Solutions provides a range of mailing equipment and postage meters, maintenance, and support services and supplies. Its DCS provides a range of software solutions, customer engagement and communication solutions, data management products and solutions, e-commerce parcel management solutions and targeted direct marketing programs. Its subsidiaries include The Pitney Bowes Bank (the Bank) and Borderfree, Inc.