Payments stocks were rather evenly dispersed across winners and declining issues this past week, shortened as it was for Labor Day. Square was the biggest gainer on the week, up 4 percent. The mobile payments firm announced plans last week to open up a physical...
The grocery store Kroger’s stocks tanked in trading on Friday (Sept. 8), taking other supermarket stocks down with it. The sell-off in shares wasn’t due to second quarter earnings, in which the company met expectations on the earnings side and came in with revenue that...
Payments stocks performed decidedly to the upside last week, with only one company showing losses, and scant ones at that. Square was the biggest gainer on the week, with shares buoyed by almost 5 percent on news that the mobile payments processing firm has opened...
Stocks were muted in terms of gains in the past week, showing more momentum to the downside. International and multicurrency payment processing firm Planet Payment was up approximately 2 percent, a continued upswing resulting from news earlier in the month that the company has been...
The earnings season may be waning, but its impact on stocks has not diminished one iota. In fact, the season saw stocks weighted a bit to the downside. This past week, one name saw double-digit percentage gains: retail banking company Green Dot Corporation, the prepaid Mastercard and...
Stock performance was decidedly down this past week, as earnings continued to factor into investors’ sentiments over the payments space. The winners included global mobile capture and identity verification technologies provider Mitek Systems Inc., which gained 60 cents on the week and added 5.8 percent. Shares rallied on the...
Capital One’s Q2 earnings are in and have beat Wall Street analysts’ expectations. While analysts polled by Reuters expected Capital One’s earnings to trade at $1.90 per share, equaling $6.67 billion in revenue, its shares rose 4.8 percent after trading hours ended. Its reported profit...
In stock market news, the rally that started the week and a new quarter had a bifurcated effect. The Dow Jones Industrial Average hit a new high intraday, up more than 180 points and backing off a bit to a 129 point gain. The gulf...
Grocery store stocks are enjoying a swell, boosted by an optimistic read on prices by Walmart during its Q1 2018 earnings conference call on May 18. For some time, the grocery store sector has been sinking under the weight of lower prices amid ever-growing competition....
