Verifone Systems (PAY) Shares are Down -13.8%

Verifone Systems (PAY) : During the past 4 weeks, traders have been relatively bearish on Verifone Systems (PAY), hence the stock is down -13.77% 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 -14.23% relative to the S&P 500. The 4-week change in the price of the stock is -13.88% and the stock has fallen -13.8% in the past 1 week.

The stock has recorded a 20-day Moving Average of 12.69% and the 50-Day Moving Average is 11.22%.The 200 Day SMA reached 30.38%. VeriFone Systems, Inc. has dropped 39.66% during the last 3-month period . Year-to-Date the stock performance stands at -40.01%.


Verifone Systems (NYSE:PAY): The stock opened in the green at $16.84 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $17.09 and a low of $16.07 for the day. The stock did not find buyers even at the lows and closed at $16.81 recording a loss of -16.37%. 26,748,874 shares exchanged hands during the trading day. The stock had closed at $20.1 in the previous days trading.

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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