Stamps.com (STMP): The stock had negative money flow to the tune of ($1.73 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $6.96 million, whereas, the outflow of money on downticks was $8.69 million and the ratio between the two was 0.8. The block trade had a negative net money flow of ($0 million). On the other hand, downticks amounted to $0.1 million of the traded value, which shows distribution in the stock by traders. Stamps.com (STMP) closed with marginal gains of 45 cents to end the day at $95.51, an increase of 0.47% over the previous days close. The stock recorded 2.12% for the week.
Also, Roth Capital assumes their rating on the shares of Stamps.com (NASDAQ:STMP). The current rating of the shares is Buy. The rating by the firm was issued on July 28, 2016.
Shares of Stamps.com Inc. rose by 3.32% in the last five trading days and 23.35% for the last 4 weeks. Stamps.com Inc. is up 7.05% in the last 3-month period. Year-to-Date the stock performance stands at -12.08%.
Stamps.com (NASDAQ:STMP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $95.39 and $94.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $96.37, notching a gain of 1.38% for the day. The total traded volume was 432,465 . The stock had closed at $95.06 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Co-President and Corp & BusDev) of Stamps.Com Inc, Bortnak James had sold 5,000 shares worth of $394,950 in a transaction dated July 25, 2016. In this transaction, 5,000 shares were sold at $78.99 per share.
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.