Adyen (OTCMKTS:ADYEY) Sees Large Volume Increase - What's Next?

Key Points

• Adyen (OTCMKTS:ADYEY) experienced a **174% increase** in trading volume, with approximately **1.97 million shares** traded on Monday, compared to 719,667 shares the previous session.
• Analyst opinions on Adyen are mixed, with **two analysts** rating the stock as a **Strong Buy**, while Wolfe Research downgraded it from **Strong Buy to Hold**.
• The stock's current trading price is **$17.23**, with moving averages at **$16.61** for 50 days and **$17.11** for 200 days.

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,973,346 shares changed hands during trading, an increase of 174% from the previous session's volume of 719,667 shares.The stock last traded at $17.23 and had previously closed at $16.89.

Analyst Upgrades and Downgrades

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

Adyen Stock Performance

The firm has a 50 day moving average of $16.61 and a 200-day moving average of $17.11.

Adyen Company Profile

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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