Why Paysafe Stock Dropped This Week
Paysafe (NYSE: PSFE) shareholders lost ground to the market this week. The payments processing specialist's stock was down 16% through early-Friday trading, compared to a 1.6% rally in the S&P 500.
That drop added to a tough year for Paysafe investors. The stock is down 19% in 2023, according to data provided by S&P Global Market Intelligence, compared to the wider market's 9% increase.
This week's decline came as Wall Street digested Paysafe's latest earnings update.
Source Fool.com