Pitney Bowes (PBI) Surges 9.9%: Is This an Indication of Further Gains?

Pitney Bowes (PBI) shares soared 9.9% in the last trading session to close at $12.1. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.1% gain over the past four weeks.The optimism surrounding the stock is largely due to its transformation into a cash-generative technology-enabled services with a large portion of its revenues coming from the USPS, giving its top line relative stability and resilience. High-margin SendTech shippin ...