Home / Market Movers / Stamps.com Inc. (STMP) Leads Tech Stocks with 4.89% at Midday on September 22

Stamps.com Inc. (STMP) Leads Tech Stocks with 4.89% at Midday on September 22

Stamps.com Inc. (STMP) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of STMP have risen 4.89% to $94.57 after closing the day prior at $90.16. In the first two and a half hours of trading, the stock has gone as high as $94.9 and as low as $90.45. Today’s rise has come with about 582,393 shares changing hands, compared to an average 30-day volume of 490,130 for Stamps.com Inc.. The price is currently below the 30-day volume weighted average price of $93.2 for STMP.

The share appreciation gives the company a market capitalization of $1.56 billion based upon 17.27 million shares outstanding. It also means that STMP has a price-to-book ratio of 4.8:1.

In the past 52 weeks, shares of STMP have traded as low as $68.82 and as high as $123.75. Technical traders will take note that at $94.57, shares of STMP are trading above their 200-day MA at $93.84 and above their 50-day MA at $85.79. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is STMP?

Stamps.com Inc provides internet-based postage solutions. Its customers use the Company's service to mail and ship a variety of mail pieces, including postcards, envelopes, flats and packages, using a range United States Postal Service mail classes. The company’s 600 employees are led by CEO Kenneth McBride from the corporate headquarters at 1990 East Grand Avenue in El Segundo, CA.

For more information on STMP and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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