In a filing, Pitney Bowes, Inc revealed its Officer JOSEPH SCHMITT acquired Company’s shares for reported $0.16 million on Nov 22 ’24. In the deal valued at $8.06 per share,20,176 shares were bought.
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Then, EVANS PAUL J. bought 29,000 shares, generating $226,072 in total proceeds. Upon buying the shares at $7.80, the Director now owns 29,000 shares.
Before that, Gregg Zegras bought 25,534 shares. Pitney Bowes, Inc shares valued at $181,036 were divested by the Officer at a price of $7.09 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 Friday, Pitney Bowes, Inc [NYSE:PBI] saw its stock jump 4.68% to $8.05. Over the last five days, the stock has gained 11.03%. Pitney Bowes, Inc shares have risen nearly 82.95% since the year began. Nevertheless, the stocks have risen 104.31% over the past one year. While a 52-week high of $8.80 was reached on 11/08/24, a 52-week low of $3.68 was recorded on 02/05/24. SMA at 50 days reached $7.21, while 200 days put it at $5.77.
Levels Of Support And Resistance For PBI Stock
The 24-hour chart illustrates a support level at 7.78, which if violated will result in even more drops to 7.50. On the upside, there is a resistance level at 8.21. A further resistance level may holdings at 8.36. The Relative Strength Index (RSI) on the 14-day chart is 61.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.95%. Stochastics %K at 37.96% 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 2024-10-31, growing by 0.56 million shares to a total of 13.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 12.67 million shares. There was a rise of 4.21%, which implies that there is a positive sentiment for the stock.
