Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pitney Bowes, Inc shares valued at $162,532 were purchased by JOSEPH SCHMITT on Nov 22 ’24. At $8.06 per share, JOSEPH SCHMITT acquired 20,176 shares.
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Also, EVANS PAUL J. purchased 29,000 shares, netting a total of over 226,072 in proceeds. Following the buying of shares at $7.80 each, the insider now holds 29,000 shares.
Before that, Gregg Zegras had added 25,534 shares to its account. In a trade valued at $181,036, the Officer bought Pitney Bowes, Inc shares for $7.09 each.
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. 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 Stock Performance
During the last five days, there has been a surge of approximately 8.39%. Over the course of the year, Pitney Bowes, Inc shares have jumped approximately 85.00%. Shares of the company reached a 52-week high of $8.80 on 11/08/24 and a 52-week low of $3.68 on 02/05/24. A 50-day SMA is recorded $7.29, while a 200-day SMA reached $5.83. Nevertheless, trading volume fell to 1.01 million shares from 1.65 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 8.03, which, if violated, would cause prices to drop to 7.93. In the upper region, resistance lies at 8.27. The next price resistance is at 8.41. RSI (Relative Strength Index) is 62.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 39.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
