Weakness Seen in Green Dot (GDOT): Stock Tumbles 15.8%

Zacks

Green Dot Corporation (GDOT) saw a big move last session, as the company’s shares fell by near 16% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $24.10 to $26.73 since Jan 15.

This slump shouldn’t be too much of a surprise to investors, as this company in the Financial Transaction Services industry has seen its current year earnings consensus moving lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

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

Some better-ranked stocks in the same space include Fidelity National Information Services, Inc. (FIS), Equifax Inc. (EFX) and Global Payments Inc. (GPN). While Fidelity National sports a Zacks Rank #1 (Strong Buy), Equifax and Global Payments both carry a Zacks Rank #2 (Buy).

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GREEN DOT CORP (GDOT): Free Stock Analysis Report

EQUIFAX INC (EFX): Free Stock Analysis Report

GLOBAL PAYMENTS INC (GPN): Free Stock Analysis Report

FIDELITY NATL INFORMATION SV (FIS): Free Stock Analysis Report


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