Alert: Major Price Advance (4/9/24)-Pitney Bowes Inc. (NYSE: PBI).

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Pitney Bowes Inc. (NYSE: PBI) stock closed at $4.32 on 4/9/24 after a major increase of 10.2%. Moreover, trading volume in this advance was unusually high at 199% of normal. The stock has risen 2.1% during the last week and has been exceptionally strong relative to the market over the last nine months.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to fall short of the cost of capital, PBI is expected to be a major Value Eraser.

Pitney Bowes is currently unrated.

Rating Review

The stock is currently unrated.

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