Global Payments Inc. Stock Falls Friday, Underperforms Market
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Shares of Global Payments Inc. (GPN) shed 2.03% to $101.96 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,191.98 and Dow Jones Industrial Average falling 0.33% to 33,426.63.
The stock's fall snapped a two-day winning streak.
Global Payments Inc. closed $34.92 below its 52-week high ($136.88), which the company reached on August 16th.
The stock underperformed when compared to some of its competitors Friday, as PayPal Holdings Inc. (PYPL) fell 0.57% to $60.92, Fidelity National Information Services Inc. (FIS) fell 1.75% to $56.84, and Fiserv Inc. (FISV) fell 0.52% to $119.54.
Trading volume (1.5 M) remained 667,981 below its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2023.
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May 19, 2023 16:57 ET (20:57 GMT)
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