Payoneer Global shares are trading higher after the company announced it began to purchase all of its outstanding public warrants and some common stock at a price of $0.78 per share. Also, Citigroup maintained a Buy rating on the stock and raised its price target from $7 to $8.5.
Portfolio Pulse from Benzinga Newsdesk
Payoneer Global shares are trading higher after the company announced it began to purchase all of its outstanding public warrants and some common stock at a price of $0.78 per share. Additionally, Citigroup maintained a Buy rating on the stock and raised its price target from $7 to $8.5.
August 12, 2024 | 2:06 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Payoneer Global shares are trading higher due to the company's buyback of public warrants and common stock at $0.78 per share. Citigroup also maintained a Buy rating and raised its price target from $7 to $8.5.
The buyback of public warrants and common stock at $0.78 per share is a positive signal, indicating the company's confidence in its own value. Additionally, Citigroup's maintained Buy rating and increased price target to $8.5 further boosts investor confidence, likely driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100