Why Stamps.com Stock Soared 63% in July

Stamps.com (NASDAQ: STMP) shareholders had a great July, with the stock rocketing higher by 63% compared to the 2.3% increase in the broader market, according to data provided by S&P Global Market Intelligence.

Shares had been trailing the S&P 500 early in the month, but that all changed when news broke that the online shipping solutions giant had agreed to be purchased.

Image source: Getty Images.

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Source Fool.com