Payments stocks performed decidedly to the upside last week, with only one company showing losses, and scant ones at that. Square was the biggest gainer on the week, with shares buoyed by almost 5 percent on news that the mobile payments processing firm has opened...
Stocks were muted in terms of gains in the past week, showing more momentum to the downside. International and multicurrency payment processing firm Planet Payment was up approximately 2 percent, a continued upswing resulting from news earlier in the month that the company has been...
The earnings season may be waning, but its impact on stocks has not diminished one iota. In fact, the season saw stocks weighted a bit to the downside. This past week, one name saw double-digit percentage gains: retail banking company Green Dot Corporation, the prepaid Mastercard and...
Stock performance was decidedly down this past week, as earnings continued to factor into investors’ sentiments over the payments space. The winners included global mobile capture and identity verification technologies provider Mitek Systems Inc., which gained 60 cents on the week and added 5.8 percent. Shares rallied on the...
June 13, 2017
Entering the last few weeks of the second quarter, payments stocks made a mixed showing last week, with everything from earnings to partnerships to, well, little news impacting stock movements. Shares of Square were up 6 percent, with a little company news that might have, according to conventional wisdom, sparked that rise. Morgan Stanley did initiate […]
May 08, 2017
For Q1 2017, movement was a bit to the downside amid continued earnings reports this past week, as has been seen in previous sessions. The biggest decline came from Cardtronics,...
April 24, 2017
Payments stocks were weighted just a bit to the upside as earnings season got officially under way. Though dominated by the likes of Visa and American Express, earnings reports also...
April 17, 2017
Stocks moved to the downside this past week as the markets got ready for earnings season in earnest. Only a few names showed gains, and only one of them, MoneyGram...
