Verifone Systems (PAY) has been under a strong bear grip, hence the stock is down -1.52% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.25% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.87% in the last 1 week, and is up 5.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Verifone Systems (NYSE:PAY): The stock opened at $19.11 on Friday but the bulls could not build on the opening and the stock topped out at $19.25 for the day. The stock traded down to $18.89 during the day, due to lack of any buying support eventually closed down at $19.05 with a loss of -0.42% for the day. The stock had closed at $19.13 on the previous day. The total traded volume was 1,664,664 shares.
The stock has recorded a 20-day Moving Average of 3.2% and the 50-Day Moving Average is 12.5%. VeriFone Systems, Inc. has dropped 35.64% during the last 3-month period . Year-to-Date the stock performance stands at -32.01%.
VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc. is a holding company of VeriFone, Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems, security and encryption software, and certified payment software, as well as other third-party value-added applications. Its system solutions process a range of payment types. The Companys electronic payment systems are available in several modular configurations, offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems, consulting services, and project management services for system deployment, and customization of integrated software solutions. It provides solutions, and services for the financial services, retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare markets.