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Why Paysafe Stock Surged Today

TheMotleyFool

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Shares of Paysafe (NYSE: PSFE) jumped 9.9% on Friday, boosted in part by positive mentions of the digital payments company on Reddit and other social media sites ahead of its inclusion in a popular stock index.

Paysafe will be added to the Russell 3000 Index -- which comprises the 3,000 largest U.S. stocks -- after the market close today. In turn, managers of funds that track the index will need to purchase shares of Paysafe.

Image source: Getty Images.

Source Fool.com

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