Latest Springboard Retail News
Sep 16, 2021
Businesswire Global Payments’ stock (NYSE: GPN), lost 5.4% to $162 in the last twenty-one trading days. In comparison, the broader S&P500 fell by 0.4% over the same period. However, the stock has managed to outperform the S&P500 over the last five trading days – it gained 2.2% vs a S&P500 decrease of 1.6%. GPN is a leading payments technology provider and one of the largest credit card processors in the merchant account industry. The company made several announcements last week, including the acquisition of Mineral Tree and a tie-up with Virgin Money. While the acquisition will help Global Payments in expanding its reach in the business-to-business (B2B) cloud payments market, the tie up with Virgin Money will enable the company to offer payments solutions in the U.K. Additionally, the company is now the official commerce technology provider of Mercedes-Benz Stadium. Now, is GPN stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 62% chance of a rise in GPN stock over the next month (twenty-one trading days). See our analysis on Global Payments Stock Chances Of Rise for more details. Five Days: GPN 2.2%, vs. S&P500 -1.6%; Outperformed market (30% event probability) Global Payments’ stock rose 2.2% over a five day trading period ending 9/14/2021, compared to the broader market (S&P500) which lost 1.6% A change of 2.2% or more over five trading days has a 30% event probability, which has occurred 762 times out of 2517 in the last ten years Chance of Rise (50% event probability) Global Payments’ stock rose 0.5% over the last ten trading days (two weeks), compared to the broader market (S&P500) drop of 1.8%. A change of 0.5% or more over ten trading days has a 50% event probability, which has occurred 1253 times out of 2516 in the last ten years. Twenty-One Days: GPN -5.4%, vs. S&P500 -0.4%; Outperformed market (14% event probability) Global Payments’ stock fell 5.4% over the last twenty-one trading days (one month), compared to the broader market (S&P500) which lost 0.4%. A change of -5.4% or more over twenty-one trading days has a 14% event probability, which has occurred 340 times out of 2516 in the last ten years.