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home / news releases / PSFE - Why Paysafe Stock Dropped This Week


PSFE - Why Paysafe Stock Dropped This Week

2023-05-19 13:32:06 ET

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.

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Why Paysafe Stock Dropped This Week
Stock Information

Company Name: Paysafe Limited
Stock Symbol: PSFE
Market: NYSE
Website: paysafe.com

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