VeriFone (PAY) Dips as One Analyst Suggests to 'Get Short'
Tweet
Share
E-mail
Get Alerts PAY Hot Sheet
Join SI Premium – FREE
VeriFone Systems (NYSE: PAY) is showing some notable weakness Wednesday, dipping as much as 8.8 percent on the session following one analyst calling for traders to bolster short positions.
In a daily note issued today, former Lehman Bros. head technical analyst and Renaissance Macro principal Jeff DeGraaf said VeriFone was one of its "short candidates," suggesting technicians do the same on the stock. He didn't give reasoning on the suggestion, according to Dow Jones.
Currently, VeriFone is moving off of lows, but still down 6.7 percent in afternoon trading.
In a daily note issued today, former Lehman Bros. head technical analyst and Renaissance Macro principal Jeff DeGraaf said VeriFone was one of its "short candidates," suggesting technicians do the same on the stock. He didn't give reasoning on the suggestion, according to Dow Jones.
Currently, VeriFone is moving off of lows, but still down 6.7 percent in afternoon trading.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bleecker Street Research is short Lyft (LYFT)
- Paymentus to Report Second Quarter 2026 Earnings Results and Host Webcast on August 3, 2026
- MicroVision names James Byun as its first chief commercial officer
Create E-mail Alert Related Categories
Technicals, Trader TalkRelated Entities
Lehman BrothersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
