Swiss technology company, Global Blue Group Holding AG (GB), is trading 10% higher on the Friday market, despite the company not reporting any stock-specific news to boost the shares.
The company specializes in providing transaction processing services for banks, merchants, governments, and travelers worldwide. The company has Tax-Free Shopping Technology Solutions (TFSS) and Value Payment Solutions (AVPS). The shares dipped to their all-time low on October 29 but since then it has continued to uptick steeply. Year-to-date, Global has lost 47% of the value of its stock.
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