Payoneer Global (NASDAQ:PAYOW) Shares Down 3.8%

Payoneer Global Inc. (NASDAQ:PAYOW) shares were down 3.8% during trading on Wednesday . The stock traded as low as $0.23 and last traded at $0.24. Approximately 8,306 shares changed hands during trading, a decline of 87% from the average daily volume of 62,323 shares. The stock had previously closed at $0.25.

Payoneer Global Stock Performance

The firm has a 50-day moving average price of $0.28 and a 200 day moving average price of $0.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Investments LP purchased a new position in shares of Payoneer Global during the fourth quarter worth $68,000. Sea Otter Advisors LLC purchased a new position in Payoneer Global in the first quarter valued at $90,000. CSS LLC IL boosted its holdings in Payoneer Global by 1,690.1% in the fourth quarter. CSS LLC IL now owns 282,024 shares of the company’s stock valued at $290,000 after purchasing an additional 266,269 shares during the period. Finally, Ionic Capital Management LLC purchased a new position in Payoneer Global in the first quarter valued at $572,000.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.