Stock Watch: Stamps.com Falls on Goldman Downgrade

Online postage company Stamps.com (Nasdaq: STMP) fell 31/32 to 4 9/16 Monday following reports that Goldman, Sachs & Co. downgraded the stock to market outperform from trading buy.

Stamps.com shares are down from a high of 98 1/2, set last November. Last week, the stock took a hit when Pitney Bowes, Inc. (NYSE: PBI) said it sued the company for patent infringement.

Stamps.com, based in Santa Monica, California, provides online postage services, including mailing and shipping.

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