Why Stamps.com’s Stock Jumped 25% in May

The stock of Stamps.com (NASDAQ: STMP) outperformed a surging stock market last month. Shares jumped 25% in May compared with a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.

The rally added to significant gains for investors: The stock has more than doubled so far in 2020 while the broader market is down slightly.

Image source: Getty Images.

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Source Fool.com