real-time news and commentary for investors
Tuesday, Jul 30
The squeeze is on at Pitney Bowes after earnings and divestiture
- Pitney Bowes (PBI +11.5%) soars a day after it showed more profit than anticipated in Q2.
- The decision to sell its management services business to Apollo Global Management for $400M is expected to help the company operate more leanly.
- Short interest is very high on PBI which could be affecting trading.