Paysafe Management Is Trying To Pull Shares Out Of The Bottom

Paysafe Limited is a global online payments firm. It provides services under the Paysafe name as well as subsidiary brands that have joined the company as a consequence of multiple mergers and acquisitions, including Neteller, Skrill, and paysafecard.

The company used to be called Optimal Payments PLC. Unfortunately, 2021 is going negatively for Paysafe, as the price has fallen by about 72%. On the first day, the shares were worth $15.05, and in the pre-market session, the price is $4.15. Company executives have recently started buying a large number of shares. Let’s find out in more detail.

Paysafe Management

Chief Executive Officer of Paysafe, Philip McHugh has added 290K PSFE shares worth almost $1M to his portfolio. It also became known that before that other directors and members of the company bought 447K PSFE units for almost $1.8M in the period from November 12 to December 3.

Management believes that shares are losing value, so they have taken such measures in huge quantities to give a signal to investors, as they feed on confidence. As you may remember, Paysafe became public through companies with blank checks. It may suffer due to distrust on the part of investors. Therefore, you need to wait until they start to trust. Follow all the news.