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 $12,075,000 were sold by Wolf Kurt James on Feb 12 ’25. At $9.66 per share, Wolf Kurt James sold 1,250,000 shares. The insider’s holdings dropped to 622,250 shares worth approximately $6.65 million following the completion of this transaction.
Also, Wolf Kurt James sold 276,393 shares, netting a total of over 2,943,585 in proceeds. Following the sale of shares at $10.65 each, the insider now holds 609,812 shares.
Before that, Wolf Kurt James had sold 78,285 shares from its account. In a trade valued at $834,518, the Director traded Pitney Bowes, Inc shares for $10.66 each. Upon closing the transaction, the insider’s holdings decreased to 78,285 shares, worth approximately $6.48 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. 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 9.53%. Over the course of the year, Pitney Bowes, Inc shares have jumped approximately 47.65%. Shares of the company reached a 52-week high of $10.95 on 02/19/25 and a 52-week low of $6.88 on 01/13/25. A 50-day SMA is recorded $8.16, while a 200-day SMA reached $6.94. Nevertheless, trading volume fell to 1.86 million shares from 2.9 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 10.56, which, if violated, would cause prices to drop to 10.43. In the upper region, resistance lies at 10.84. The next price resistance is at 10.99. RSI (Relative Strength Index) is 78.68 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.21, which suggests the price will increase in the coming days. Percent R is at 9.63%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
