Shares of Verifone Systems (PAY) Rally 0.65%

Verifone Systems (PAY) : During the past 4 weeks, traders have been relatively bearish on Verifone Systems (PAY), hence the stock is down -4.6% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.84% relative to the S&P 500. The stock has risen by 0.65% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.43% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 17.19%.

Verifone Systems (NYSE:PAY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.70 and $18.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.70, notching a gain of 0.54% for the day. The total traded volume was 2,195,890 . The stock had closed at $18.60 on the previous day.


The company Insiders own 1.2% of Verifone Systems shares according to the proxy statements. Institutional Investors own 97.74% of Verifone Systems shares. In a related news,The officer (EVP, Engineering & CTO) of Verifone Systems, Inc., Bhanot Alok sold 994 shares at $28.74 on December 29, 2015. The Insider selling transaction had a total value worth of $28,568. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc. is a holding company of VeriFone, Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems, security and encryption software, and certified payment software, as well as other third-party value-added applications. Its system solutions process a range of payment types. The Companys electronic payment systems are available in several modular configurations, offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems, consulting services, and project management services for system deployment, and customization of integrated software solutions. It provides solutions, and services for the financial services, retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare markets.

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