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Blackhawk Network Holdings, Inc. (HAWK) provides a range of prepaid gift, telecom, and debit cards; and related prepaid products and payment services.
It distributes closed loop gift cards, including digital media and e-commerce, dining, electronics, entertainment, fashion, gasoline, home improvement, and travel; single-use non-reloadable open loop gift cards; and prepaid wireless or cellular cards used to load airtime onto the prepaid handsets, as well as sells handsets.
The company also provides prepaid financial services products, such as general purpose reloadable (GPR) cards comprising Green Dot and NetSpend branded cards, as well as PayPower; and Reloadit, a GPR reload network product that allows consumers to reload funds onto their previously purchased GPR cards.
In addition, it offers rebate, incentive, and reward processing and validation services; Cardpool, an online gift card exchange product; and GoWallet, which facilitates the registration of gift cards, tracking of balances, delivery of gift card related offers, and purchase of eGifts online.
Further, the company offers card production and packaging services to its prepaid gift and telecom content providers. It distributes its products through grocery, convenience, specialty, and online retailers in the Americas, Europe, Africa, Australia, and Asia.
Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.
52-Weeks Trading Range: $26.14 - $42.39
Entry Point: $42.00
Stop Loss: $39.90
Target Price: $46.20
HAWK closed at $44.50 after its 30 days expired.
