Global Payments (NYSE:GPN) has been under a strong bear grip, hence the stock is down -3.17% 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 1.21% in the past 1 week. The stock has risen by 2.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.61% in the past 4 weeks.
The company shares have rallied 38.17% 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 $74.41 and the 200 Day Moving Average price is recorded at $66.85.
The stock has recorded a 20-day Moving Average of 0.82% and the 50-Day Moving Average is 0.81%.
Global Payments (NYSE:GPN): stock turned positive on Friday. Though the stock opened at $72.46, the bulls momentum made the stock top out at $73.64 level for the day. The stock recorded a low of $72.15 and closed the trading day at $73.54, in the green by 2.42%. The total traded volume for the day was 1,013,422. The stock had closed at $71.8 in the previous days trading.
In an insider trading activity, The director, of Global Payments Inc, Jacobs William I had unloaded 600 shares at $73.71 per share in a transaction on June 13, 2016. The total value of transaction was $44,226. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.