For the week that just ended, payments stocks were weighted to the positive end of performance, where the top five gainers posted mid-single-digit increases. By way of contrast, only a single stock in our pantheon posted similar metrics to the downside.
The leader of the pack was Planet Payment, which gained a bit more than 7 percent on the week. That increase came as Net Element said earlier in the month that its Unified Payments unit would partner with Planet Payment to offer the latter’s multicurrency pricing to its online offerings.