Stamps.com (STMP) : Net money flow in Stamps.com (STMP) was negative ($7.61 million) and the inflow of money on uptick was $75.07 million, whereas, the outflow of money on downticks amounted to $82.67 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.91. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $2.46 million. On the other hand, the total value of block trades done on downticks was $4.14 million. The ratio of uptick to downtick block trades was 0.59. The money flow in block trades was negative ($1.68). Stamps.com (STMP) gained $0.95 cent during the day and reached $74.8, a gain of 1.29% over the previous day.
The stock has recorded a 20-day Moving Average of 13.46% and the 50-Day Moving Average is 13.48%. Shares have rallied 5.90% from its 1 Year high price. On Mar 7, 2016, the shares registered one year high at $123.75 and the one year low was seen on Aug 6, 2015. The 50-Day Moving Average price is $88.63 and the 200 Day Moving Average price is recorded at $95.67.
Stamps.com (NASDAQ:STMP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.49 and $68.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.80, notching a gain of 1.29% for the day. The total traded volume was 4,032,937 . The stock had closed at $73.85 on the previous day.
In an insider trading activity, Bortnak James, Officer (Co-President And Corp & Busdev) of STAMPS.COM INC, unloaded 5,000 shares at an average price of $86.3 on June 24, 2016. The total amount of the transaction was worth $431,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.