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 29, 2024 | 12:28 pm
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Pitney Bowes shares are experiencing an uptick due to the sale of a portion of its e-commerce business to Stord. This move is likely seen as a positive restructuring effort.
The sale of a part of its e-commerce business to Stord is likely viewed positively by investors as it may indicate a strategic restructuring to focus on core operations or improve financial health. This has led to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100