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Fiserv, Inc. (NYSE: $FI) Tanks 45% Amidst Earnings Report
Fiserv, Inc. (NYSE: $NYSE:FI) stock took a nosedive in early Wednesday market open losing roughly 50% With selling pressure increasing, the asset is already oversold as seen by the RSI at 13- this is really oversold.
However, we are expecting a bounced off from the $60 support point once buyers dominate the market buying pressure will increase.
In another news, Fiserv (FI.N), lowered its annual earnings forecasts for the second straight quarter on Wednesday and announced an overhaul of its senior leadership as the payments firm grapples with slowing growth.
Analysts and investors had been skeptical of Fiserv's ability to meet its full-year merchant business forecast, given the acceleration needed in the second half of the year.
About FI
Fiserv, Inc. provides payments and financial services technology solutions in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through the Merchant Solutions and Financial Solutions segments. The company provides merchant acquiring and digital commerce services, mobile payment services, security and fraud protection solutions,.
However, we are expecting a bounced off from the $60 support point once buyers dominate the market buying pressure will increase.
In another news, Fiserv (FI.N), lowered its annual earnings forecasts for the second straight quarter on Wednesday and announced an overhaul of its senior leadership as the payments firm grapples with slowing growth.
Analysts and investors had been skeptical of Fiserv's ability to meet its full-year merchant business forecast, given the acceleration needed in the second half of the year.
About FI
Fiserv, Inc. provides payments and financial services technology solutions in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through the Merchant Solutions and Financial Solutions segments. The company provides merchant acquiring and digital commerce services, mobile payment services, security and fraud protection solutions,.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.