Stamps.com Inc (STMP): James Bortnak , Co-President and Corp & BusDev of Stamps.com Inc sold 5,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $83.97 per share for a total value of $419,848.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 27, 2016, James Bortnak (Co-President and Corp & BusDev) sold 5,000 shares at $93.87 per share price.On Mar 17, 2016, G Bradford Jones (director) purchased 10,000 shares at $113.15 per share price.Also, On Mar 8, 2016, Lloyd I Iii Miller (director) sold 2,560 shares at $123.11 per share price.On Mar 1, 2016, Jp Leon (VP, Postal Affairs &) sold 4,000 shares at $118.41 per share price.
Stamps.com: On Wednesday, May 25, 2016 heightened volatility was witnessed in Stamps.com which led to swings in the share price. The shares opened for trading at $84.82 and hit $85 on the upside , eventually ending the session at $84.4, with a gain of 0.24% or 0.2 points. The heightened volatility saw the trading volume jump to 3,60,930 shares. The 52-week high of the share price is $123.75 and the company has a market cap of $1,473 M . The 52-week low of the share price is at $65.36.
Stamps.com Inc. is a provider of Internet-based mailing and shipping solutions. Under the Stamps.com branded solutions the Company’s 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 Company’s products and services include Mailing and Shipping Business and PhotoStamps.