Wolf Kurt James Sells Shares of PBI $PBI
Key Points
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Wolf Kurt James, President & CEO at Pitney Bowes Inc. ($PBI), sold 322,829 shares at an average price of $17.40, for a total transaction of $5.62 million. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Pitney Bowes Inc. Stock Up 0.4%
Shares of Pitney Bowes Inc. ($PBI) traded around $17.28 on Saturday, up 0.4% for the day.
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About Pitney Bowes Inc.
Pitney Bowes Inc. provides digital shipping solutions, mailing innovation, and financial services worldwide. It operates through SendTech Solutions and Presort Services segments. The SendTech Solutions segment offers physical and digital shipping and mailing technology solutions and other applications for sending, tracking, and receiving of letters, parcels and flats, as well as supplies and maintenance services. This segment also provides financing alternatives to finance other manufacturers' equipment and product purchases. The Presort Services segment operates as a workshare partner of the United States Postal Service; and offers mail sortation services. It markets its products, solutions, and services through direct and inside sales force, partner channels, direct mailings, and digital channels. The company was formerly known as Pitney Bowes Postage Meter Company. Pitney Bowes Inc. was incorporated in 1920 and is headquartered in Shelton, Connecticut.
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