Shares of online postage company Stamps.com (Nasdaq: STMP) rocketed nearly 39 percent Thursday, climbing 12-5/8 to 45-3/8, one day after the U.S. Postal Service announced that it is teaming up with Stamps.com and privately held E-Stamp to create electronic postage. Software that will allow customers to print their own stamps is expected to be available in the fall.
It’s been quite a run for Stamps.com stock. The company went public at $11 a share on June 25, and the stock has seen a dramatic rise since closing its first day of trading at 13-11/16.
Stamps.com’s quiet period ends next week, so the activity surrounding this stock could be just beginning.