Pitney-Bowes benefits from new postage increases — stock poised for breakout from base!

Pitney-Bowes is a postal company that provides logistics and financial services, particularly for small and medium-sized businesses. Last year, the company underwent a restructuring while reducing its debt. On May 21, Kurt Wolf, the head of the activist fund Hestia Capital Management, was appointed CEO of Pitney Bowes, intending to implement some strategic changes and lead the company back to stable growth. On July 13, new postage increases from the U.S. Postal Service (USPS) were announced, which further boosted the stock. The reason is that Pitney...