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Global Payments (GPN) Looks Good: Stock Adds 6.5% in Session

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Global Payments Inc. (GPN - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $111.10 –$118.30 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported solid second-quarter 2018 results.

The company has seen a mixed track record when it comes to estimate revision of one increase and two decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Global Payments currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Global Payments Inc. Price

A better-ranked stock in the Financial Transaction Services industry is EVERTEC, Inc. (EVTC - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is GPN going up? Or down? Predict to see what others think: Up or Down

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