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Why Stamps.com Stock Soared 55% Today

TheMotleyFool

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What went down, just went back up -- big time.

One year ago, nearly to the day, online postage seller Stamps.com (NASDAQ: STMP) saw its stock cut by more than half after announcing it was walking away from its exclusive deal to sell postage for parcels and mail shipped via the U.S. Postal Service. Today, Stamps.com stock is up by more than half (55.3% as of 11:50 a.m. EST) on news that things are starting to work out well for it.

Image source: Getty Images.

Source Fool.com

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