Large Inflow of Money Detected in Global Payments

Global Payments (GPN) : The money flow analysis of Global Payments (GPN) indicates a $0.36 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $1.08 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.98 and so was the total money flow at $0.72 million. The bulls lapped up $0.1 million worth of block trades on upticks. The money flow was $0 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Global Payments (GPN), pushing it down by -0.14% for the day. The stock slid $0.11 and traded at $75.82 during the day. Nonetheless, the stock is -0.43% over the previous weeks close.


Also, In a research note released to the investors, Barclays maintains its rating on Global Payments (NYSE:GPN).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Barclays raises the new price target from $73 per share to $75 per share. The rating by the firm was issued on July 29, 2016.

Shares of Global Payments Inc. rose by 0.26% in the last five trading days and 3.73% for the last 4 weeks. Global Payments Inc. has dropped 1.61% during the last 3-month period . Year-to-Date the stock performance stands at 18.56%.

Global Payments (NYSE:GPN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.06 and $75.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.45, notching a gain of 0.70% for the day. The total traded volume was 913,438 . The stock had closed at $75.92 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Jacobs William I, director of Global Payments Inc, had unloaded 600 shares at an average price of $74.76 in a transaction dated on August 15, 2016. The total value of the transaction was worth $44,856.

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.

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