Global Payments (GPN) Shares are Up 0.08%

Global Payments (GPN) has been under a strong bear grip, hence the stock is down -4.3% 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 0.11% in the past 1 week. The stock has risen by 0.08% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.93% in the past 4 weeks.

Global Payments Inc. has dropped 0.25% during the last 3-month period . Year-to-Date the stock performance stands at 15.93%. The stock has recorded a 20-day Moving Average of 0.53% and the 50-Day Moving Average is 0.4%.


Global Payments (NYSE:GPN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.76 and $73.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.75, notching a gain of 0.80% for the day. The total traded volume was 1,048,491 . The stock had closed at $74.16 on the previous day.

Also, Brokerage firm Barclays maintains its rating on Global Payments (NYSE:GPN). As per the latest information, the brokerage house raises the price target to $75 per share from a prior target of $73. The shares have been rated Equal-weight. The rating by the firm was issued on July 29, 2016.

Global Payments Inc. is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Companys North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services. The Companys North America merchant services and International merchant services segments target customers in various industries, including financial services, gaming, government, healthcare, professional services, restaurants, retail, universities, not-for-profit organizations and utilities. The Company performs a series of services, including authorization, electronic draft capture, file transfers to facilitate funds settlement and certain exception-based, back office support services, such as chargeback and retrieval resolution.

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