Previous close | 0.0500 |
Open | 0.0500 |
Bid | 0.0500 |
Ask | 0.1500 |
Strike | 10.00 |
Expiry date | 2024-08-16 |
Day's range | 0.0500 - 0.0500 |
Contract range | N/A |
Volume | |
Open interest | 131 |
STAMFORD, Conn., July 01, 2024--Pitney Bowes Inc. (NYSE: PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced an update on the first phase of the Company’s cost rationalization initiative, which was previously announced in late May 2024.
Pitney Bowes (PBI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Key Insights Given the large stake in the stock by institutions, Pitney Bowes' stock price might be vulnerable to their...