Pitney Bowes Inc

NYSE: PBI
$3.93
-$0.06 (-1.5%)
Closing price April 17, 2024
Pitney Bowes Inc. is a global provider of shipping, mailing, and related services tailored for small to medium-sized businesses, large enterprises, retailers, and government entities. With a rich history since 1920, it offers a wide range of solutions including technology for efficient mailing and shipping, logistics for parcel delivery, and financial services for equipment purchases. Its operations are divided into three main segments: Global Ecommerce, for parcel and digital delivery services; Presort Services, for mail sortation to secure postal discounts; and SendTech Solutions, focusing on mailing and shipping technology. Headquartered in Stamford, Connecticut, Pitney Bowes stands as a key player in facilitating commerce across borders.
Ambarella, Vodafone, JD.com, and Pitney Bowes all posted new 52-week lows Friday.
U.S. Silica Holdings, L Brands, Pitney Bowes, and Grupo Supervielle all posted new 52-week lows Wednesday.
Rite Aid, Pitney Bowes, Plug Power, and Infosys all posted new 52-lows on Wednesday.
Monday's top analyst upgrades, downgrades and initiations include EMC, Herbalife, Micron Technology, Petrobras and SanDisk.
Wednesday, Borderfree reported its first-quarter financial results and at the same time announced an agreement to an acquisition by Pitney Bowes.
Piper Jaffray thinks that quality stocks in the outsourcing, facilities and professional services universe can provide healthy sources of income yield.
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Shares of Pitney Bowes took another run at their 52-week high Monday morning. This came in the wake of a positive Barron's article over the weekend.
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