RTTNews | Oct 1, 2021 12:19PM EDT

12:18 Friday, October 1, 2021 (RTTNews.com) - 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.

The shares are currently trading at $6.94, up $0.48 or 7.43% since the previous close of $6.46. The stock opened at $6.75 in the morning. In the 52-week period, the shares have traded between $5.74 and $15.90 per share.

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