Why Payoneer Global Stock Plunged by Almost 4% Today

Macroeconomic headwinds could put some hurt on the company's fundamentals, a pundit believes.Fintech company Payoneer (PAYO 3.81%) didn't have a triumphant Tuesday on the stock market. The company's shares dipped by nearly 4% that day, thanks in no small part to a price target cut by an analyst. 2haircutBeforemarketopenthatday,BenchmarksMarkPalmerreducedhisPayoneerpricetargetto2 haircutBefore market open that day, Benchmark's Mark Palmer reduced his Payoneer price target to 10 per share from his preceding $12. He remains bullish on the company's prospects, however, as he maintained his ...