Global Payments Inc. Stock Falls Wednesday, Underperforms Market

American Financial Group Inc

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Company profile

American Financial Group, Inc. is an insurance holding company. The Company is engaged in property and casualty insurance, focusing on specialized commercial products for businesses. The Company operates through three segments: Property and Transportation, Specialty Casualty, and Specialty Financial. Its Property and Transportation includes physical damage and liability coverage for buses and trucks and other specialty transportation niches, inland and ocean marine, agricultural-related products and other commercial property coverages. Specialty Casualty includes primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, specialty coverages in targeted markets, customized programs for small to mid-sized businesses and workers’ compensation insurance. The Company's Specialty Financial segment includes risk management insurance programs for lending and leasing institutions, fidelity and surety products and trade credit insurance.

Global Payments Inc. Stock Falls Wednesday, Underperforms Market

4:57 pm ET May 10, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Global Payments Inc. (GPN) slipped 2.77% to $103.76 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.45% to 4,137.64 and the Dow Jones Industrial Average falling 0.09% to 33,531.33.

Global Payments Inc. closed $33.12 below its 52-week high ($136.88), which the company achieved on August 16th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as PayPal Holdings Inc. (PYPL) fell 3.83% to $63.38, Fidelity National Information Services Inc. (FIS) fell 0.92% to $55.14, and Fiserv Inc. (FISV) fell 0.87% to $118.35.

Trading volume (1.4 M) remained 673,205 below its 50-day average volume of 2.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 10, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 10, 2023 16:57 ET (20:57 GMT)