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We recently published a list of Top 20 Falling Stocks with Unusual Volume. In this article, we are going to take a look at where Global Payments Inc. (NYSE:GPN) stands against other top falling stocks with unusual volume.
Uncertainty around tariffs and macroeconomic conditions has dented investor confidence, resulting in stock prices falling. While some stocks have come under pressure due to the above two reasons, others have simply followed the market direction or have dipped for company-specific reasons.
Regardless of the reasons for stocks going down, falling stocks provide an opportunity for fresh investors to get in at good prices. Once the risks subside, these stocks usually recover quickly as well. We decided to uncover these stocks and see if it makes sense to put money in them to take advantage of the ongoing market turmoil.
To come up with our list of top 20 stocks falling with unusual volume, we looked at stocks over $300 million in market cap, their one-week performance, and used relative volume to detect the unusual volume activity.
Relative volume compares the daily volume to the three-month average trading volume of the stock, making it easy to detect spikes in volume. These spikes usually signal something important is happening, which, when combined with falling prices, becomes a red flag that investors can’t ignore.
A payment terminal in action with customers apart of the experience.
Global Payments Inc. (NYSE:GPN)
Global Payments Inc. (NYSE:GPN) operates as a software solutions and payment technology provider for check, card, and digital-based payments. The company operates in the Issuer Solutions and Merchant Solutions segments. The firm’s stock has been falling since the start of this year. The stock is down 16.55% in a week on a relative volume of 7.15!
Global Payments Inc. (NYSE:GPN) announced two definitive agreements on April 17. It announced the acquisition of Worldpay from GTCR and FIS, valued at $24.25 billion, including $1.55 billion of anticipated tax assets. This acquisition positions the firm as a leading merchant solutions provider. Global Payments and Worldpay, together, will serve over 6 million customers and process approximately 94 billion transactions. The other major deal is selling its Issuer Solutions business to FIS for $13.5 billion.
Chief executive officer Cameron Bready highlighted the importance of this acquisition for the company:
“Today marks a defining day for Global Payments and a pivotal milestone in our journey to become the worldwide partner of choice for commerce solutions. The acquisition of Worldpay and divestiture of Issuer Solutions further sharpen our strategic focus and simplify Global Payments as a pure play merchant solutions business with significantly expanded capabilities, extensive scale, greater market access and an enhanced financial profile.”