Pitney Bowes shares are trading higher following a report indicating that the company has sold a part of its e-commerce business to Stord.
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes shares are trading higher following a report indicating that the company has sold a part of its e-commerce business to Stord.

July 26, 2024 | 8:27 pm
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POSITIVE IMPACT
Pitney Bowes shares are trading higher after the company sold a part of its e-commerce business to Stord. This move is likely seen as a positive step towards streamlining operations and potentially improving profitability.
The sale of a part of its e-commerce business to Stord is likely viewed positively by investors as it may help Pitney Bowes streamline its operations and focus on more profitable segments. This has led to a rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100