Adyen Shares Tumble After Analyst Report Hits Market
4 Articles
4 Articles
Trading in payment processor Adyen was briefly halted today. Investors were startled by a critical report warning of broader problems in the payment services market. Midway through the trading day, Adyen shares on the AEX were down more than 10 percent; at the end of the day, the stock closed more than 8.8 percent lower at 817.40 points. On Thursday, the stock closed at 897 points.
The AEX index on the Amsterdam stock exchange closed lower on Friday. Payment service provider Adyen was the biggest loser in the main index, reportedly due to a negative analyst report on the company. Chip stocks were also among the losers.
The negative sentiment in the tech sector continues today; ASMI, ASML, and Besi are losing ground again. The AEX is under pressure, but the AMX is light green.
Adyen Shares Tumble After Analyst Report Hits Market
Adyen plunged 7.13% to €833.00 after traders cited a negative Cleveland Research report, erasing Thursday’s rebound and deepening a 39% year-to-date drop; no new company news triggered the selloff, but Jefferies maintained its Buy rating and €1,166 target, highlighting solid operating momentum and exposure to a potential Q4 slowdown in discretionary spending. The post Adyen Shares Tumble After Analyst Report Hits Market appeared first on TechSto…
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