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Why Shares of Paysafe Jumped Today

·2 min read
Why Shares of Paysafe Jumped Today
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Shares of the British payments company Paysafe (NYSE: PSFE) jumped nearly 18% today after the company announced that a handful of insiders have been buying large amounts of the stock. Paysafe announced in a press release today that CEO Philip McHugh on Dec. 3 bought roughly 290,000 shares of Paysafe stock at a total cost of roughly $1 million. The company also announced that between Nov. 12 and Dec. 3 other executive officers and board members bought 447,000 shares of Paysafe stock for roughly $1.8 million.