Shift4 Payments slides after Trump picks Jared Isaacman to head NASA

Shift4 Payments

04/12/2024 18:33

** Shares of payments firm Shift4 Payments  FOUR.N  slide
11% to $101.61
    ** President-elect Donald Trump taps FOUR CEO Jared Isaacman
to lead NASA
    ** Benchmark believes FOUR President Taylor Lauber is the
most likely candidate to succeed Isaacman as the CEO      
    ** William Blair believes investors should add to FOUR given
the weakness in stock as its believes franchise value outweighs
uncertainty over around succession 
    ** Brokerage says FOUR could again become an attractive
acquisition candidate for potential strategic buyers, including
payments firm Fiserv  FI.N  
    ** As of last close, FOUR shares up 53.6% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))