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Adyen (OTCMKTS:ADYEY) Sees Large Volume Increase - Here's Why

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Key Points

  • Adyen (OTCMKTS:ADYEY) experienced a significant increase in trading volume, with 2,046,330 shares traded, marking a 170% rise from the previous day's volume of 758,095 shares.
  • Several analyst reports have impacted Adyen's ratings, with Wolfe Research downgrading the stock to a "hold" while others maintained a "buy," leading to a consensus rating of "Buy."
  • The stock's current trading price is $17.06, with a 50-day moving average of $16.58 and a 200-day moving average of $17.15.
  • Five stocks to consider instead of Adyen.

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) shares saw an uptick in trading volume on Monday . 2,046,330 shares traded hands during trading, an increase of 170% from the previous session's volume of 758,095 shares.The stock last traded at $17.06 and had previously closed at $16.85.

Analyst Upgrades and Downgrades

ADYEY has been the topic of several recent analyst reports. Wolfe Research lowered Adyen from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Monness Crespi & Hardt restated a "buy" rating on shares of Adyen in a research note on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Adyen in a research report on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy".

Check Out Our Latest Analysis on ADYEY

Adyen Stock Performance

The stock's 50-day moving average price is $16.58 and its 200-day moving average price is $17.15.

Adyen Company Profile

(Get Free Report)

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing.

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