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Why Paysafe Stock Fell 19% in May

Why Paysafe Stock Fell 19% in May

Paysafe (NYSE: PSFE) shareholders lost ground to the market last month as the stock fell 19% compared to a 0.55% uptick in the S&P 500, according to data provided by S&P Global Market Intelligence. The slump pushed investors in the payments processing specialist deeper into the red, with shares down about 20% so far this year compared to a 12% increase in the broader market. Investors weren't thrilled with the latest results from the fintech company.