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STAMFORD, Conn. — Amid Pitney Bowes Inc .’s (NYSE:PBI) impressive 191% surge over the past year and trading near its 52-week high of $11.00, James Arthur Fairweather, Executive Vice President and Chief Innovation Officer, recently sold 130,000 shares of the company’s common stock. According to InvestingPro data, technical indicators suggest the stock is in overbought territory. The transaction, which took place on February 26, 2025, was carried out under a pre-established Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $10.8311, with the price range for the transactions spanning from $10.69 to $10.96 per share. The total value of the shares sold amounts to approximately $1.41 million. The sale occurred amid robust trading activity, with PBI’s average daily volume reaching 2.33 million shares over the past three months.
Following this sale, Fairweather retains ownership of 176,145 shares in the company. The sales were executed with the assistance of a broker, as indicated in the filing. For deeper insights into PBI’s technical indicators and comprehensive analysis, investors can access detailed research reports and additional trading signals through InvestingPro.
In other recent news, Pitney Bowes Inc. reported fourth-quarter earnings and revenue that exceeded analyst expectations. The company achieved an adjusted earnings per share of $0.32, surpassing the consensus estimate of $0.21, with revenue reaching $516 million, above the anticipated $489.77 million, despite a 2% year-over-year decline. For the full year 2024, Pitney Bowes generated revenue of $2.027 billion, reflecting a 3% decline from the previous year, while adjusted EPS improved by 34% to $0.82. Looking forward, the company provided strong guidance for fiscal year 2025, projecting revenue between $1.95 billion and $2 billion, compared to analyst expectations of $1.973 billion, and forecasted adjusted EPS of $1.10 to $1.30, exceeding the consensus estimate of $1.04. Additionally, Pitney Bowes announced a new $150 million share repurchase authorization and increased its quarterly dividend to $0.06 per share. The company is nearing the completion of its Global Ecommerce exit and has achieved $120 million in annualized cost savings by the end of 2024. It now expects to reach total net annualized cost savings of $170 million to $190 million. These developments reflect Pitney Bowes’ strategic focus on efficiency and profitability.
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