Pitney Bowes, Inc’s filing revealed that its EVP/Gen Counsel & Corp Sec Freemen-Bosworth Lauren unloaded Company’s shares for reported $0.34 million on Nov 29 ’24. In the deal valued at $8.12 per share,42,308 shares were sold. As a result of this transaction, Freemen-Bosworth Lauren now holds 18,664 shares worth roughly $0.14 million.
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Then, LAUREN FREEMAN-BOSWORTH bought 42,308 shares, generating $344,387 in total proceeds.
Before that, JOSEPH SCHMITT bought 20,176 shares. Pitney Bowes, Inc shares valued at $162,532 were divested by the Officer at a price of $8.06 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 fall -2.77% to $7.71. Over the last five days, the stock has lost -1.41%. Pitney Bowes, Inc shares have risen nearly 75.23% since the year began. Nevertheless, the stocks have risen 78.47% 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 $7.48, while 200 days put it at $6.05.
Levels Of Support And Resistance For PBI Stock
The 24-hour chart illustrates a support level at 7.51, which if violated will result in even more drops to 7.32. On the upside, there is a resistance level at 7.95. A further resistance level may holdings at 8.19. The Relative Strength Index (RSI) on the 14-day chart is 48.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.25%. Stochastics %K at 40.32% 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 2024-11-29, dropping by -0.8 million shares to a total of 12.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.23 million shares. There was a decline of -6.39%, which implies that there is a negative sentiment for the stock.
