Why Shares of Euronet Worldwide Fell Today
Shares of Euronet Worldwide (NASDAQ: EEFT) fell more than 11% on Thursday, as concerns about the novel coronavirus outbreak continued to weight on the "war on cash" payments company. The outbreak is threatening the global travel industry, which in turn could impact Euronet's international ATM and currency conversion businesses.
COVID-19 concerns are weighing heavily on the travel industry, with investors increasingly worried that the outbreak will lead to a weak spring break and summer travel season. That, in turn, is causing declines in a number of companies with indirect exposure to travel, including Euronet.
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Source Fool.com
