Payment-Related Stocks: Spotlight Research and Share Price

payment-related stocks: Traders blamed a negative report from a short seller called Spotlight Research for the decline, but so far the company has not responded beyond saying it was looking at the report, according to The Guardian. In a buy note this week Berenberg analysts said recent weakness in its share price was overdone Paysafe, like other payment-related stocks, has been weak lately. The company, which is due to release results next month, is down 25% or 95.9p at 274.9p having fallen as low as 229.2p. We believe that some of this weakness is related to 1 the perception that regulation of fintechs is tightening eg through the Second Payment Services Directive PSD2 and the fifth Anti-Money Laundering Directive ; 2 the strengthening of the GBP versus the USD 3 ; some sector rotation away from structurally growing companies to more cyclical ones; and 4 the end of Mastercard pre-paid issued card business outside the Single Euro Payments Area. On Monday Paysafe finance director Brian McArthur-Muscroft excercised options over 516,844 shares at 0.01p a share as part of the company long term incentive scheme. That said, none of these factors should have had a material negative impact on Paysafe 2016 performance. (news.financializer.com). As reported in the news.