Stamps.com (STMP) stock had a bullish inflow of $1.2 million worth of trades on uptick and an outflow of $0.72 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.65. The net money flow into the stock was $0.47 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0 million. $0 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Stamps.com (STMP) stock traded down $0.04 , and reached $87.68, a drop of -0.04% over the previous day. On a weekly basis, the stock is 0.9%, over the previous weeks close.
Stamps.com (STMP) : 3 investment research analysts covering Stamps.com (STMP) have an average price target of $140 for the near short term. The highest target price given by the Brokerage Firm to the stock is $150 and the lowest target is $120 for the short term. Analysts expect the variance to be within $17.32 of the average price. The stock has recorded a 20-day Moving Average of 0.61% and the 50-Day Moving Average is 1.68%.
Stamps.com (NASDAQ:STMP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $88.07 and $86.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $88.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $88.44, notching a gain of 0.83% for the day. The total traded volume was 249,192 . The stock had closed at $87.71 on the previous day.
Stamps.com Inc. is a provider of Internet-based mailing and shipping solutions. Under the Stamps.com branded solutions, the Companys customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others. Its customers include individuals, small businesses, home offices, medium-size businesses and large enterprises, and within these segments, the Company targets both mailers and shippers. In addition, the Company offers multi-carrier shipping solutions under the brand names ShipStation and ShipWorks. The Companys products and services include Mailing and Shipping Business and PhotoStamps.