STMP - Shares of Stamps.com Inc. (STMP) Have Risen Above Previous 52-Week High
Stamps.com Inc. (NASDAQ:STMP) traded today at a new 52-week high of $327.77. This new high was reached on below average trading volume as 309,000 shares traded hands, while the average 30-day volume is approximately 561,000 shares.
Stamps.com Inc. (NASDAQ:STMP) defies analysts with a current price ($327.02) 8.2% above its average consensus price target of $300.07.
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The company's operating segments are Stamps.com and MetaPack. The Stamps.com segment makes up more than 90% of the company's revenue. This segment derives revenue from online postage and shipping software solutions offered to consumers, small businesses, e-commerce shippers, enterprise mailers, and high volume shippers. Stamps.com's customers are primarily located in the U.S. MetaPack derives revenue from multi-carrier enterprise-level shipping software solutions for large e-commerce retailers and brands.
In the past 52 weeks, shares of Stamps.com Inc. have traded between a low of $159.22 and a high of $327.77 and is now at $327.02, which is 105% above that low price.
Receive IBN Spotlights - "Bite Size" Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer