Pitney Bowes (NYSE:PBI) has tumbled 3.45% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.17% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.29%. Pitney Bowes (NYSE:PBI) has underperformed the index by 0.75% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Pitney Bowes (NYSE:PBI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.86 and $17.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.93, notching a gain of 0.62% for the day. The total traded volume was 2,807,719 . The stock had closed at $17.82 on the previous day.
The company shares have dropped -18.20% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $22.18 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.52 and the 200 Day Moving Average price is recorded at $19.43.
On the companys insider trading activities, Lautenbach Marc Bradley, CEO of Pitney Bowes Inc /De/, executed a transaction worth $249,866 on October 30, 2015. A total of 12,007 shares were purchased at an average price of $20.81. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Currently the company Insiders own 1.43% of Pitney Bowes shares according to the proxy statements. Institutional Investors own 83.62% of Pitney Bowes shares.
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.