Adyen (OTCMKTS:ADYEY) Shares Gap Down - Should You Sell?

Key Points

• Adyen shares gapped down significantly, opening at $15.50 after a previous close of $17.21, indicating a steep decline in market sentiment.
• Several analysts have mixed ratings on Adyen, with Truist Financial upgrading it to a "strong-buy," while Wolfe Research downgraded it to a "hold."
• The company's stock is currently trading at approximately $15.80, reflecting a 6.6% drop and is below its 50-day moving average of $18.12.

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $17.21, but opened at $15.50. Adyen shares last traded at $15.80, with a volume of 258,127 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Truist Financial raised Adyen to a "strong-buy" rating in a report on Monday, June 2nd. Monness Crespi & Hardt reaffirmed a "buy" rating on shares of Adyen in a report on Friday, May 2nd. Finally, Wolfe Research lowered Adyen from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a hold rating, two have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy".

Adyen Trading Down 6.6%

The stock has a 50-day moving average price of $18.12 and a 200-day moving average price of $17.33.

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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