Sunday, June 26, 2022

A Guide To The Risks Of Investing In Pitney Bowes Inc. (PBI)

Pitney Bowes Inc.’s filing revealed that its EVP & Chief Financial Officer Chadwick Ana Maria acquired Company’s shares for reported $50274.0 on Feb 09. In the deal valued at $5.13 per share,9,800 shares were bought. As a result of this transaction, Chadwick Ana Maria now holds 13,300 shares worth roughly $ 48545.0.

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Meanwhile, Sidoti upgraded its Pitney Bowes Inc. [PBI] rating to a Buy from a a Neutral in a research note published on Tuesday. PT values the company’s stock at a premium of 63.5 to its Tuesday closing price. A number of analysts have revised their coverage, including Maxim Group’s analysts, who increased its forecast for the stock in late April from “a Hold” to “a Buy”. Sidoti revised its rating on January 27, 2021. It rated PBI as “a Neutral” which previously was an “a Buy”.

Price Performance Review of PBI

On Tuesday, Pitney Bowes Inc. [NYSE:PBI] saw its stock jump 0.55% to $3.65. On the same session, the stock had its day’s lowest price of $3.58, but rose to a high of $3.84. Over the last five days, the stock has lost -11.62%. Pitney Bowes Inc. shares have fallen nearly -44.95% since the year began. Nevertheless, the stocks have fallen -58.05% over the past one year. While a 52-week high of $9.92 was reached on 01/04/22, a 52-week low of $3.54 was recorded on 06/17/22. SMA at 50 days reached $4.62, while 200 days put it at $5.91. A total of 2.74 million shares were traded, compared to the trading of 4.1 million shares in the previous session.

Levels Of Support And Resistance For PBI Stock

The 24-hour chart illustrates a support level at 3.54, which if violated will result in even more drops to 3.43. On the upside, there is a resistance level at 3.80. A further resistance level may holdings at 3.95. The Relative Strength Index (RSI) on the 14-day chart is 27.17, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.25%. Stochastics %K at 6.81% indicates the stock is a buying.

Pitney Bowes Inc. [PBI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 19,521,928 shares, or roughly 11.26% of the outstanding PBI shares. In other words, the investor’s shares have risen by 361,456 from its previous 13-F filing of 19160472.0. Additionally, BlackRock Fund Advisors increased 2.42% of its stake after which the total value it holdings stand at $75,588,711, while SSgA Funds Management, Inc. added 2.77% of its stake to hold $29.39 million in the firm. Over the last quarter, Goldman Sachs & Co. LLC purchased 51,799 shares of Pitney Bowes Inc., while Charles Schwab Investment Managem bought 281,374 shares. At present, D. E. Shaw & Co. LP is holding 3,076,331 shares valued at $14.4 million. Dimensional Fund Advisors LP owned 2,898,030 shares of the company at the time of its most recent 13F filing, worth $13.56 million.

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