Paysafe Stock Has Had a Tough Year. Executives Are Snapping Up Shares.

Shares of Paysafe jumped connected Wednesday aft the payments institution said executives and committee members bought the stock.

Paysafe’s (ticker: PSFE) CEO Philip McHugh bought astir 290,000 shares of communal banal worthy $1 cardinal connected the unfastened marketplace connected Dec. 3, the institution said successful a quality release. Other executives and autarkic committee members purchased 447,000 shares totaling astir $1.8 cardinal betwixt Nov. 12 and Dec. 3, it said. The institution didn’t instantly respond to a petition for remark connected the purchases.

The...