In a filing, Pitney Bowes, Inc. revealed its Officer Gregg Zegras acquired Company’s shares for reported $0.18 million on Aug 16 ’24. In the deal valued at $7.09 per share,25,534 shares were bought.
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Then, Gregg Zegras bought 25,000 shares, generating $180,750 in total proceeds.
Before that, Gregg Zegras bought 25,000 shares. Pitney Bowes, Inc. shares valued at $173,000 were divested by the Officer at a price of $6.92 per share.
Sidoti upgraded its Pitney Bowes, Inc. [PBI] rating to a Buy from a a Neutral in a research note published recently. 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 4.07% to $6.91. Over the last five days, the stock has gained 7.30%. Pitney Bowes, Inc. shares have risen nearly 57.05% since the year began. Nevertheless, the stocks have risen 110.03% over the past one year. While a 52-week high of $7.70 was reached on 08/09/24, a 52-week low of $2.87 was recorded on 02/05/24. SMA at 50 days reached $6.73, while 200 days put it at $5.04.
Levels Of Support And Resistance For PBI Stock
The 24-hour chart illustrates a support level at 6.72, which if violated will result in even more drops to 6.54. On the upside, there is a resistance level at 7.02. A further resistance level may holdings at 7.13. The Relative Strength Index (RSI) on the 14-day chart is 54.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.81%. Stochastics %K at 51.22% indicates the stock is a holding.
How much short interest is there in Pitney Bowes, Inc.?
A steep rise in short interest was recorded in Pitney Bowes, Inc. stocks on 2024-08-30, growing by 1.52 million shares to a total of 11.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.21 million shares. There was a rise of 12.98%, which implies that there is a positive sentiment for the stock.
