Weakness Seen in Green Dot (GDOT): Stock Tumbles 15.8% - Tale of the Tape

By Zacks Equity Research,

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Green Dot Corporation ( GDOT ) saw a big move last session, as the company's shares fell by near 16% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $24.10 to $26.73 since Jan 15.

This slump shouldn't be too much of a surprise to investors, as this company in the Financial Transaction Services industry has seen its current year earnings consensus moving lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

GDOT currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the same space include Fidelity National Information Services, Inc. ( FIS ), Equifax Inc. ( EFX ) and Global Payments Inc. ( GPN ). While Fidelity National sports a Zacks Rank #1 (Strong Buy), Equifax and Global Payments both carry a Zacks Rank #2 (Buy).

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EQUIFAX INC (EFX): Free Stock Analysis Report

FIDELITY NAT IN (FIS): Free Stock Analysis Report

GREEN DOT CP-A (GDOT): Free Stock Analysis Report

GLOBAL PAYMENTS (GPN): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: EFX , FIS , GDOT , GPN

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