Why Fiserv Stock Just Popped
If PayPal stock is cheap, and Fiserv stock is cheaper -- maybe Fiserv is a buyout target, too?
Overview
It's mergers & acquisitions day at the fintech market.
Reports that privately held companies Stripe and Advent, and maybe publicly traded Block (NYSE: XYZ), too, have offered to buy PayPal Holdings (NASDAQ: PYPL) for $53 billion sent that stock flying 17.1% higher through 11 a.m. ET Wednesday.
Details
These same rumors may be lifting Fiserv (NASDAQ: FISV) shares, which are up 4.7%.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.