Stamps dot com stock plunged nearly 56 percent yesterday to its lowest point in more than four years after the company slashed its full-year profit outlook, fueling investor concerns about its ability to protect margins in the absence of a key partnership with the U.S. Postal Service.
The stock dropped 55.8 percent to $36.90 a share. It has now lost three-quarters of its value this year.
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Posted 05/10/2019 12:49 pm
