Stamps.com (STMP) : On Friday, The money flowed into the Stamps.com (STMP) stock with an uptick to downtick ratio was recorded at 1.59. Transactions worth $0.84 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.53 million. The total money flow into the stock was $0.31 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0 million of block transactions on upticks. The total money flow in block trades was $0 million. In terms of price action, Stamps.com (STMP) traded down $0.03 during the session at $98.82. Compared to the previous days closing, the stock was down only by -0.03%. For the week, the stock is 5.66%, over previous weeks closing.
The company Insiders own 11.46% of Stamps.com shares according to the proxy statements. Institutional Investors own 97.07% of Stamps.com shares.
In a related news, The officer (Co-President and Corp & BusDev), of Stamps.Com Inc, Bortnak James had unloaded 5,000 shares at $93.75 per share in a transaction on August 24, 2016. The total value of transaction was $468,750. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Stamps.com (NASDAQ:STMP): The stock opened at $99.09 and touched an intraday high of $99.69 on Friday. During the day, the stock corrected to an intraday low of $97.91, however, the bulls stepped in and pushed the price higher to close in the green at $99.61 with a gain of 0.77% for the day. The total traded volume for the day was 345,189. The stock had closed at $98.85 in the previous trading session.
Stamps.com (STMP) : Traders are bullish on Stamps.com (STMP) as it has outperformed the S&P 500 by a wide margin of 21.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.5% in the last 1 week, and is up 21.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.