'Sizeable' Investor Stake Boosts Struggling Payment Stock
Global Payments Inc (NYSE:GPN) stock is charging higher today, up 4.3% to trade at $80.92 at last look, after reports surfaced that activist investor Elliott Management has built a "sizeable" stake in the payment technology name. Today's advancement is pushing the shares to their best day since late-April, though they're still down 27.9% year-to-date. There is plenty of room for bull notes, should the bearish analyst sentiment surrounding Global Payments stock begin to unwind. Of the 32 analysts in coverag ...