Equifax ( (EFX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Equifax Canada’s report of a 70% rise in credit card fraud, linked to an economic downturn, has raised concerns among major card issuers like Mastercard and Visa. This surge in fraud, despite a decline in application fraud, presents significant challenges for these companies. Seaport Research has maintained a Neutral rating for Equifax, noting the absence of immediate catalysts for change.
More about Equifax
YTD Price Performance: 1.22%
Average Trading Volume: 1,026,601
Technical Sentiment Signal: Strong Buy
Current Market Cap: $31.64B
For further insights into EFX stock on TipRanks’ Stock Analysis page.
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