How and where to buy Paymentus Holdings as stock finds support

By:
on Jun 16, 2021
Listen
  • Paymentus Holdings stock has seen strong momentum since its IPO.
  • But shares have sold off since hitting a high of $33.91.
  • If you want to buy PAY stock today at $28.50 this guide is for you.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Paymentus Holdings Inc (NYSE: PAY) went public in the last week of May via a listing on the New York Stock Exchange. The Redmond-based company priced its shares at $21 and quickly gained 40% to trade at $33.91 per share. 

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

But Paymentus lost all momentum and PAY stock was seen trading at $28.66 on Wednesday. The selloff could be considered overdone based on the technical analysis (more on this below) and if you want to buy Paymentus Holdings stock now then this guide is for you.

Where and how to buy Paymentus Holdings shares?

Copy link to section

Paymentus Holdings provides cloud-based bill payment technologies and solutions to a range of industries. If this sounds like a stock that you want exposure to, buying shares of PAY is a simple process that wouldn’t disrupt your busy schedule. 

Simply register for an account with a reliable online stockbroker. Once you have verified your account, go ahead and fund through one of the approved payment methods. Your account is now ready to buy Paymentus Holdings shares. Search for the relevant ticker (PAY) and then buy shares of Paymentus Holdings stock.

Not sure what separates the reputable online stockbrokers from the bad ones? Don’t worry, you aren’t alone and we have got you covered. Our experts have already tried and tested dozens of stockbrokers to handpick the following two stockbrokers best suited to get you to buy Paymentus Holdings stock now.

Plus500

Copy link to section

Plus500 es un proveedor de Contratos por Diferencia (CFD) que ofrece operaciones apalancadas sobre +2000 instrumentos financieros, incluyendo forex, materias primas, índices, acciones, opciones y criptomonedas.

Register with Plus500 instantly

eToro

Copy link to section

eToro es una plataforma de inversión de múltiples activos y CFD con más de 2000 activos, que incluyen FX, acciones, ETF, índices y materias primas. Los usuarios de eToro pueden conectarse, aprender y copiar o ser copiados por otros usuarios.

Register with eToro instantly

Should you buy PAY stock now?

Copy link to section

Paymentus Holdings stock found support at $27.60 in early June and has seen some gains since then. The $27.60 level will provide support if the share price declines further and downside beyond these levels are not expected.

The 100-hour moving average continues to provide strong resistance. Investors can buy PAY stock now and look to exit their position at $31.33 or target higher returns of $33.12. If momentum carries the stock beyond $33.12, we could expect PAY shares to trade above its highs of $33.91 and potentially make a run for the $35 level.

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals™.

0/10
Learn more
Finance & Banking Stock Market World