Global Payments (NYSE:GPN) has shown a drop of 1.2% or 35,831 shares in the short positions. The bets have increased to 2,905,249 shares on June 15,2016 from 2,941,080 shares on May 31,2016. With respect to the floated shares, the shorts are 1.9%. The days to cover are calculated to be 2, using the standard per day volume of 1,428,612 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Global Payments (NYSE:GPN): The stock opened at $73.03 on Friday but the bulls could not build on the opening and the stock topped out at $73.07 for the day. The stock traded down to $70.20 during the day, due to lack of any buying support eventually closed down at $70.27 with a loss of -7.41% for the day. The stock had closed at $75.89 on the previous day. The total traded volume was 2,952,634 shares.
The company shares have rallied 36.75% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $78.92 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $75.12 and the 200 Day Moving Average price is recorded at $66.65.
Global Payments (NYSE:GPN) has tumbled 5.03% during the past week and has dropped 8.87% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.45%. Global Payments (NYSE:GPN) has underperformed the index by 6.11% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.