Payoneer Global hits 10-mth high on S&P SmallCap inclusion

Payoneer Global

07/10/2022 14:56

** Payoneer Global Inc's  PAYO.O  shares up 9.3% at $7.72 as
co set to join S&P SmallCap index  .SPCY  next week
    ** PAYO at highest level since Dec 2, 2021
    ** Global payments services firm to replace Lantheus
Holdings Inc  LNTH.O  in SPCY prior to market open on Weds, Oct
12, per S&P Dow Jones indices  urn:newsml:reuters.com:*:nPn6BCT3Ma
    ** PAYO had ~$2.5 bln market cap through Thurs close, per
Refinitiv
    ** With move on Fri, shares up ~26% in Oct and have gained
~63% in past three months
    ** All 7 analysts are bullish, including 2 "strong buy"
ratings, per Refinitiv; median PT is $9
 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))