Why Shares of Shift4 Payments Are Surging Today
Shares of the digital payments company Shift4 Payments (NYSE: FOUR) entered the final hour of trading up more than 16% after an analyst at Bank of America double-upgraded the stock. The company's stock price has more than doubled over the last six months.
Serving more than 200,000 businesses, Shift4 is a reopening play because many of its clients are in some of the sectors hit hardest by the pandemic such as restaurants and hotels.
The company provides small businesses with point-of-sale services through contactless devices and QR code scanners, as well as online ordering systems for restaurants, payment security, and analytics.
Source Fool.com
