Pitney Bowes Inc. [PBI] stock for 54,640 USD was acquired by Stamps Sheila A

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pitney Bowes Inc. shares valued at $54,640 were purchased by Stamps Sheila A on Sep 07. At $2.73 per share, Stamps Sheila A acquired 20,000 shares. The insider’s holdings grew to 45,834 shares worth approximately $0.11 million following the completion of this transaction.


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Also, GUILFOILE MARY purchased 25,000 shares, netting a total of over 86,918 in proceeds. Following the buying of shares at $3.48 each, the insider now holds 101,930 shares.

Before that, Fairweather James Arthur had added 4,335 shares to its account. In a trade valued at $14,823, the EVP & Chief Innovation Officer bought Pitney Bowes Inc. shares for $3.42 each. Upon closing the transaction, the insider’s holdings increased to 4,335 shares, worth approximately $0.36 million.

As published in a research note from Sidoti on April 30, 2021, Pitney Bowes Inc. [PBI] has been rated up from a Neutral to a Buy and the price target has been revised to $10. This represents a 75.2% premium over Wednesday’s closing price. Analysts at Maxim Group upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late April. Earlier on January 27, 2021, Sidoti downgraded its rating. Their new recommendation was “a Neutral” for PBI stock which previously was a “a Buy”.

Analyzing PBI’s Price Performance

On Wednesday, Pitney Bowes Inc. [NYSE: PBI] plunged -2.36% to $2.48. The stock’s lowest price that day was $2.47, but it reached a high of $2.58 in the same session. During the last five days, there has been a drop of approximately -6.77%. Over the course of the year, Pitney Bowes Inc. shares have dropped approximately -62.59%. Shares of the company reached a 52-week high of $6.91 on 01/04/22 and a 52-week low of $2.47 on 09/21/22. A 50-day SMA is recorded $3.26, while a 200-day SMA reached $4.66. Nevertheless, trading volume fell to 1.35 million shares from 0.97 million shares the previous day.

Support And Resistance Levels for Pitney Bowes Inc. (PBI)

According to the 24-hour chart, there is a support level at 2.44, which, if violated, would cause prices to drop to 2.40. In the upper region, resistance lies at 2.55. The next price resistance is at 2.62. RSI (Relative Strength Index) is 26.78 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 98.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Pitney Bowes Inc. subject to short interest?

Stocks of Pitney Bowes Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.15 million shares to 11.13 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.98 million shares. A jump of 10.33% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.95 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.95.

Which companies own the most shares of Pitney Bowes Inc. (PBI)?

According to The Vanguard Group, Inc. filings, the company currently owns 18,346,739 shares, which is about 10.55% of the total PBI shares outstanding. The investor’s shares have plunged by -1,175,189 from its previous 13-F filing of 19521928.0 shares. SSgA Funds Management, Inc. acquire a 2.07% interest valued at $18.53 million while Goldman Sachs & Co. LLC purchased a 1,354,150 stake. A total of 226,772 shares of Pitney Bowes Inc. were bought by Charles Schwab Investment Managem during the quarter, and 278,456 were bought by D. E. Shaw & Co. LP. In its current portfolio, Dimensional Fund Advisors LP holds 3,265,689 shares valued at $9.44 million.

In terms of Pitney Bowes Inc. share price expectations, FactSet research, analysts set an average price target of $5.25 in the next 12 months, up nearly 106.69% from the previous closing price of $2.54. Analysts anticipate Pitney Bowes Inc. stock to reach $7.00 by 2022, with the lowest price target being $3.50. In spite of this, 4 analysts ranked Pitney Bowes Inc. stock as a Hold at the end of 2022.

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