Pitney Bowes Inc. (PBI) shares experienced a sharp decline, plummeting 5.04% during intraday trading on Thursday. The significant drop reflected heightened selling activity for the industrial goods company.

The movement coincided with analysts providing fresh insights on the company, as Pitney Bowes was among the industrial goods firms receiving coverage from market analysts. While the specific details of the analysis are not fully disclosed, the market reaction suggests the assessments contributed to negative investor sentiment.

Further amplifying the downward pressure was a notable order imbalance on the New York Stock Exchange, with a reported 207,155 shares on the sell side. This technical indicator pointed to substantial selling interest, which likely accelerated the stock's decline during the session.