Global Payments (GPN) Shares Slide -4.05%

Global Payments (GPN) has risen sharply, recording gains of 4.07% in the past 4 weeks. However, the stock has corrected -4.05% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.69% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.25% and the 50-Day Moving Average is 0.67%. Global Payments Inc. is up 3.45% in the last 3-month period. Year-to-Date the stock performance stands at 15.77%.


Global Payments (NYSE:GPN): On Fridays trading session , Opening price of the stock was $78.06 with an intraday high of $78.11. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $74.63. However, the stock managed to close at $74.66, a loss of 4.51% for the day. On the previous day, the stock had closed at $78.19. The total traded volume of the day was 2,679,387 shares.

Also, Barclays maintains its view on Global Payments (NYSE:GPN) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Barclays raises the price target from $73 per share to $75 per share on Global Payments . 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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