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Benzinga
Benzinga
Business
Anusuya Lahiri

Why Are Shift4 Payments Shares Surging Today?

  • Shift4 Payments Inc's (NYSE:FOUR) board approved a share buyback plan of up to $100 million.
  • The program will expire on December 31, 2022.
  • Shift4 generated $25.6 million in operating cash flow during the nine months ended September 30. Shift4 held $1.3 billion in cash and equivalents.
  • Shift4 Payments is a provider of integrated payment processing and technology solutions.
  • Price Action: FOUR shares traded higher by 9.75% at $55.48 on the last check Friday.
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