|Bid||90.20 x 800|
|Ask||90.30 x 800|
|Day's Range||88.33 - 90.68|
|52 Week Range||32.54 - 211.39|
|Beta (3Y Monthly)||1.91|
|PE Ratio (TTM)||15.66|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||80.80|
UPS said it's built on the company's industry-first, hospital network-focused drone delivery program by signing new customers.
The top story: Biogen (NASDAQ: BIIB) pulled a fast one on investors who threw in the towel on the company based on the March news that it had discontinued trials for its Alzheimer's drug aducanumab. Before the open, Biogen announced a third-quarter EPS and sales beat — and its plans for a regulatory filing for aducanumab following new analysis. Since the issue has had several whipsaws off the news regarding this drug, the PreMarket Prep co-hosts viewed the spike as a selling opportunity for a few different reasons.
Stamps.com Inc. (NASDAQ: STMP ) shares jumped higher by more than 22% on Tuesday after the company announced a new partnership with United Parcel Service, Inc. (NYSE: UPS ). As part of the new partnership, ...
The Atlanta-based company said it has inked agreements with retail pharmacy giant CVS Health (NYSE: CVS) to deliver products such as prescriptions by drone. It will also work with drug wholesaler AmerisourceBergen (NYSE: ABC) to deliver specific drugs, supplies and medical records to medical campuses served by the healthcare concern.
(Bloomberg) -- Stamps.com Inc. shares rallied Tuesday after United Parcel Service Inc. announced a pact to offer discounted shipping rates to the company’s customer base of more than 740,000.“We long mentioned a new partnership was needed to help lift shares and believe the UPS collaboration is a step in the right direction,” wrote Darren Aftahi, an analyst at Roth Capital Partners.Rates are expected to be as much as 55% below daily rates, including surcharge waivers, he said. The deal should aid Stamps.com volume and margins and add upside to fourth quarter and fiscal 2020 forecasts, Aftahi said, even as the rates are still unlikely to be below legacy United States Postal Service rates.The UPS collaboration marks the first partner Stamps.com has signed since ending its relationship with the USPS in February -- a move that sent the stock tumbling 58%. Less than three months later, Stamps.com cut its year forecasts, sinking the shares another 56%.Shares of Stamps.com rose as much as 24% to $94.49, the highest intraday level since March 6, paring their year-to-date decline to 41%.The pact could be the catalyst necessary to reverse the trend in shares year to date, Aftahi said. He boosted his price target to $85 from $52. His rating remains neutral.(Updates first and fifth graph, and the chart.)To contact the reporter on this story: Janet Freund in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Will Daley, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Stock futures: Cadence Design Systems, Vertex Pharmaceuticals, Stamps.com and a big opioid settlement made headlines after the stock market recouped Friday's losses.
Stamps.com Inc. shares jumped more than 15% in after-hours trading Monday following the announcement of a deal with United Parcel Service Inc. The arrangement gives users of Stamps.com's at-home printing services discounted shipping rates as part of a new Digital Access Program for UPS. It was part of a broad range of new partnerships and tech initiatives that UPS announced after the markets closed Monday. "This new collaboration with UPS will make UPS shipping services available to Stamps.com's customers at attractive discounts of up to 55 percent off daily rates, including various waived surcharges," UPS stated in its announcement. Stamps.com could use the boost toward the end of a rough 2019, which started with a gigantic stock dive after the company declined to extend its exclusive partnership with the U.S. Postal Service in order to look for deals with other shippers. Stamps.com stock had declined more than 50% this year through Monday's regular trading session, which ended with shares up 0.7% at $76.13; after the partnership was announced, shares were trading for $88 and higher in the extended session.
ATLANTA, Oct. 21, 2019 -- UPS (NYSE:UPS) today unveiled a new collaboration with Stamps.com (NASDAQ:STMP) to provide their customer base of more than 740,000 access to.
ATLANTA, Oct. 21, 2019 -- UPS (NYSE:UPS) today unveiled its strategy to make industry-leading logistics services more broadly available through a series of strategic alliances.
Stamps.com rallied more than 20 per cent late on Monday after UPS said it had partnered with the company to provide discounted shipping rates to customers. An announcement in February that Stamps.com would end its exclusive shipping partnership with the US Postal Service caused the shares to plummet 58 per cent in one day. At the time, Ken McBride, chief executive, said the company wanted to “fully embrace partnerships with other carriers” and was operating under the belief that Amazon “will be a big global player in shipping”.
Groupon (GRPN) extends partnership with MINDBODY to sell voucher less and real-time bookable utility deals on its marketplace in a bid to bolster foothold in North America.
Tech Data (TECD) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
SAN DIEGO, Oct. 15, 2019 -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Stamps.com Inc. (NASDAQ: STMP). Investors,.
Stamps.com® (STMP), the leading provider of USPS® postage online and shipping software, today announced an invitation to join the Stamps.com Third Quarter 2019 Financial Results Conference Call. The call will take place Thursday, November 7, 2019, at 5:00 pm ET and will be webcast from our Investor Relations website at https://investor.stamps.com. If you have any questions, please call Stamps.com Investor Relations at (310) 482-5830 or e-mail us at email@example.com.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Metapack, the global leader in eCommerce delivery technology, announced today that it has been awarded ‘Best Product’ at the eCommerce Expo Awards 2019. The award highlighted the Metapack Returns product. The platform was recognized for its ability to simplify the eCommerce returns process for shoppers via a self-service online portal that works seamlessly in over 25 languages across tablets, desktop computers and mobile devices.
Alibaba announced its 5-year targets, its first ML chip, some partnerships, an investment in Taiwanese AR startup and a NetEase unit while the government announced that it would be sending reps.
Stamps.com® (STMP), the leading provider of postage online and shipping software, today announced its widespread support of the Extraordinary Congress’s final vote that will allow the U.S. to remain in the Universal Postal Union. The decision is designed to even the playing field for U.S. e-commerce retailers. The U.S. reached the landmark agreement with other members of the Universal Postal Union on a renegotiation of the terminal dues structure, thus averting a U.S. pullout from the UPU.
One caller during the 'Lightning Round' Tuesday night asked about Stamps.com : "That's a short squeeze and it's too hard," was Jim Cramer's response. In this daily bar chart of STMP, below, we can see that prices have had a serious decline from last September. The On-Balance-Volume (OBV) line shows some improvement from the May low and the Moving Average Convergence Divergence (MACD) oscillator is above the zero line but crossing to the downside.