PBI Stock Recent News

Does Pitney Bowes (PBI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Pitney Bowes (PBI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

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Pitney Bowes is preparing to divest or shut down its unprofitable GEC division. This should immediately add $136m in adjusted EBIT on an annual basis. There are hidden growth opportunities within the remaining company, such as smart Parcel Lockers and digital SaaS tools, which seem to be ignored by the market. PBI recently increased identified cost-savings from $80m to $140m. It also plans to free up $200m in cash to (likely) pay down highly yielding debt.

STAMFORD, Conn.--(BUSINESS WIRE)--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 that Gregg Zegras has retired as President of the Company's Global Ecommerce segment, effective immediately. After joining Pitney Bowes in 2013, Mr. Zegras served as Chief Commercial Officer and held other senior roles. The Company thanks Mr. Zegras for his many years of dedication and.

STAMFORD, Conn.--(BUSINESS WIRE)--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. The Company has identified and initiated approximately $70 million in cost savings, the majority of which has already been eliminated in the second quarter. A.

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.

Does Pitney Bowes (PBI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Pitney Bowes (PBI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here is how Pitney Bowes (PBI) and Alphabet (GOOGL) have performed compared to their sector so far this year.