NYSE:PBICommercial Services
Pitney Bowes Phoenix Presort Expansion Tied To Valuation And Momentum
Pitney Bowes (NYSE:PBI) has opened a new 75,000-square-foot Presort Services operating center in Phoenix.
The highly automated facility expands the company’s processing capacity and operational footprint in the region.
For investors tracking NYSE:PBI, the Phoenix launch adds fresh context to a stock that has seen very large gains over the past 3 years and is up 55.9% year to date. The current share price sits at $16.1, with the stock up 5.6% over the past week and 61.3% over the past year,...