Stamps.com shares surge on UPS partnership

Market Insider

A Stamps.com promotional image

Source: Stamps.com

Shares of Stamps.com surged more than 18% during extended trade after shipping giant UPS announced a partnership that will allow Stamps.com’s more than 740,000 customers to access discounted UPS shipping rates.

“This new collaboration will allow us to bring the leading shipping solutions of UPS to our customer base in a simpler and more seamless fashion, and at very attractive new discounts,” said Ken McBride, chairman and CEO of Stamps.com in a press release.

Stamps.com, which offers internet-based shipping services, has seen its shares fall more than 50% year-to date.

Products You May Like

Articles You May Like

What Is the 50/20/30 Budget Rule?
The Best Dividend Stocks to Buy in 9 Sectors
4 Top Stock Trades for Monday: FSLY, BABA, DDOG, S&P 500
Roku Stock Has a TCL Problem. Shares May Sink 35%
Kodak reportedly under SEC investigation over disclosure of U.S. drug producing deal

Leave a Reply

Your email address will not be published. Required fields are marked *