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STMP - Why Stamps.com Stock Skyrocketed 120% in the First Half of 2020
Stamps.com Inc.
Shares of online postage seller Stamps.com (NASDAQ: STMP) soared 120% in the first half of 2020, according to data from S&P Global Market Intelligence. The S&P 500 returned negative 3.1% over this period.
In 2020, Stamps.com stock is up 145% through July 8, compared with the broader market's negative 1% return so far this year. That makes it the year's second best-performing mid-cap tech stock behind China's 21Vianet Group. (Mid-caps have market caps between $2 billion and $10 billion.)