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NetSpend Holdings Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of NetSpend Holdings (Nasdaq: NTSP  ) initially surged more than 11% only to fall back to up 2% as of this writing. A rally in shares of peer Green Dot Corp. (Nasdaq: GDOT  ) may account for the gains.

So what: The rally is a rarity for both companies, which have suffered tough losses year to date. Shares of Green Dot have twice plunged more than 10% over the past month. Volatility, thy name is stocks in the prepaid banking industry.

Now what: For those willing to stomach the occasional bumps and bruises, there does appear to be a genuine -- perhaps even Rule Breaking -- opportunity here. NetSpend and Green Dot serve a base of some 60 million Americans who don’t have access to classic banking services.

Interested in more info on NetSpend Holdings and Green Dot Corp.? Add them to your watchlist. You can also try any of our Foolish newsletter services free for 30 days.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn’t own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is also on Twitter as @TheMotleyFool. Its disclosure policy is at least 10% better than other disclosure policies.

Read/Post Comments (3) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On April 14, 2011, at 5:56 PM, slade901 wrote:

    Netspend allowed my tax preparer open an account in my name, sent the card to her address,allowed her to activate the card and spend my tax refund all with out my knowledge or authorization and are deny liablity. Stating that I knew the person and should have protect my Card and Funds> How Can I protect an account i did not know even existed until the irs told me the information needed to find my Refund. I am a poor man struggling to get by and the getting wrong punished by netspend for their mistakes .They asked me for my mother's maiden name and id number why did they not ask the one who opened this account and activated this card? I am going to post this on facebook my space black planet and every where else I can in order to gain Justice. Netspend owes me $1350 .Just big rich corp taken advatange of the less fortunate. As usual.

  • Report this Comment On April 14, 2011, at 6:19 PM, slade901 wrote:

    They also would not give me nor Law enforcement Officer Sgt.Knox of MPD Fraud Dept. the information needed to pursue the investigation. Violating my Federal Truth in Lending Rights.

  • Report this Comment On April 27, 2011, at 7:25 PM, Gridlocked wrote:

    Netspend and AccountNow are toast when the banks and credit unions enter the prepaid market.

    They offer no extra value just extra fees.

    Green Dot has a fighting chance with their pending acquisition of Bonneville Bank and efforts to make deposits cheap or free.

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NTSP.DL $0.00 Down +0.00 +0.00%
NetSpend Holdings,… CAPS Rating: *****