5 Stocks to Watch on Friday

2. Paysafe Limited (NYSE:PSFE) has gained 9.8% as of 10:22 AM ET after the UK-based online payments company announced that Bruce Lowthers would take over as the company’s new CEO and Executive Director succeeding Philip McHugh. Lowthers has an extensive experience of over 15 years in the US with FIS, a leading fintech company known to process around 75 billion transactions with a volume of $9 trillion annually. The last CEO, Philip McHugh, led Paysafe Limited (NYSE:PSFE) through the uncertainties of the COVID-19 pandemic and took the company public.

Overall, Paysafe Limited (NYSE:PSFE) was under the ownership of 32 hedge funds as of Q4 2021.