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Stamps.com (STMP) in Focus: Stock Moves 5.9% Higher

Zacks

Stamps.com Inc. STMP was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 10.2% in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Stamps.com currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Stamps.com Inc. Price


Investors interested in the Internet – Commerce industry may consider EVINE Live Inc. EVLV, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is STMP going up? Or down? Predict to see what others think:Up or Down

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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