Tyro Payments Ltd. ( (AU:TYR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Tyro Payments Ltd. shares have been on the move following the company’s decision to withdraw from acquiring Smartpay Holdings Limited. This change in direction came after Smartpay entered an exclusivity agreement with another party, disrupting Tyro’s strategic expansion plans. Despite this setback, which might have raised concerns about Tyro’s growth strategy, investor confidence remains strong, as indicated by the positive technical sentiment surrounding the stock.
More about Tyro Payments Ltd.
YTD Price Performance: -4.91%
Average Trading Volume: 1,458,469
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$409.5M
For further insights into TYR stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.