They made a 29B acquisition of Afterpay. Bigger deal than Fisv-Fdc. FISV is getting kicked in the gonads today. Aye!
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It looks like Fiserv Stock broke the upward trend today, and it is channeling down. The stock did hold 108 after droping a buck.
Lets see if the stocks drops further.
https://finviz.com/quote.ashx?t=fisv
The stock will drop below $108 tomorrow...Heck it only has 20 cents to go so it will likely hit that at the opening bell.
Based on the chart, it would have to drop below $108 to actually be in the danger zone. https://finviz.com/quote.ashx?t=fisv
Get ready for: “I know we had a great quarter but the shareholders still expect more.” Then fill in some type of disappointing news of worse benefits, limited raises, promotions, and layoffs.
The stock is tanking! Executives must be cr@pping their pants! This is what happens when you take away their stock discount, 401K match, increase healthcare costs, and generally treat them as disposable. Its too bad HR doesn't listen to the employees and have the backbone to tell Frank the truth.
Today ....8/3, the crash continues ! Stock down another 5%
The sad part is Fiserv has been looking at BNPL options for 2 years and they still haven't come up with a single market approach. The company is so slow to adopt new products or services that its no wonder they are losing. Funny thing is, the article I saw said Square was late to move on BNPL so ask yourself where does that leave Fiserv?
We will buy Square :)
Down 5% today.... will be below $95 by Labor Day. Keep plugging away your FISERV losers
Yea. big shake up in the Payments sector.