Amex’s Pain Is Green Dot’s Gain

After analysts at Jeffries reported that Wal-Mart stores were pulling American Express’ Bluebird prepaid products from its shelves, competing prepaid specialist Green Dot Corp. saw its stock price rise by nearly 13 percent at one point last week.

GDOT shares would close the week at $23.57, up more than six percent from Monday’s open — but still down 36 percent from the company’s 52-week high, and down 24.5 percent since the start of 2012.

Remittance-focused MoneyGram International also enjoyed an up week, with shares gaining nearly six percent in value. But Friday’s closing price of $15.46 was still down nearly 13 percent from its 2012 open.

The industry’s biggest loser among public companies was Micros Systems, which lost roughly 2.38 percent of its value — despite being up about one percent on the week at Thursday’s close. Shares are now trading at $49.98.

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