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Why Paysafe Stock Dropped This Week

TheMotleyFool

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Why Paysafe Stock Dropped This Week: https://g.foolcdn.com/editorial/images/733223/bearded-person-at-desk-by-computer-taking-notes.jpg

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.

Source Fool.com

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