Stamps.com Inc. (STMP) announced after the bell Tuesday that it has agreed to acquire Endicia, a wholly owned subsidiary of Newell Rubbermaid, for $215 million in cash.
Stamps.com gapped up sharply Wednesday and spiked higher in early trade, before settling into a range. The stock closed up by 9.48 at $67.78, with volume at over a 10-month high. Stamps.com broke out of over a 1-month range and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.