Pitney Bowes (PBI) Shares are Up 2.19%

Pitney Bowes (PBI) has been under a strong bear grip, hence the stock is down -3.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.03% in the past 1 week. The stock has risen by 2.19% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.97% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.84% and the 50-Day Moving Average is 0.84%.The 200 Day SMA reached 2.58%

Pitney

Pitney Bowes (NYSE:PBI): After opening at $18.11, the stock dipped to an intraday low of $17.98 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.24 and the buying power remained strong till the end. The stock closed at $18.16 for the day, a gain of 1.00% for the day session. The total traded volume was 1,186,757. The stocks close on the previous trading day was $18.16.

Pitney Bowes (PBI) stock is expected to deviate a maximum of $3.42 from the average target price of $24.5 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $28 and the most muted being $20.

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.

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