Lightspeed Commerce (NYSE:LSPD) shares were volatile on Wednesday. The company announced a strategic divestiture of its Upserve U.S. hospitality product line to Skyview Equity.
This move aims to sharpen focus on its core growth engines in retail and hospitality, adding pressure as broader markets edged lower.
Lightspeed has sold its non-core Upserve product line for total cash consideration of up to $81 million, with $37 million subject to an earnout. This divestiture is expected to enhance the company’s flexibility in pursuing capital allocation priorities, including share repurchases and investments in product development.
As of December 31, 2025, Lightspeed had $479.0 million in cash and cash equivalents.
Technical Analysis
Lightspeed Commerce is currently trading 9.3% below its 20-day simple moving average (SMA) and 10.5% below its 50-day SMA, suggesting short-term bearish momentum. The stock is also 13.4% below its 100-day SMA, indicating a continued struggle in the intermediate term.
The relative strength index (RSI) stands at 46.11, which is neutral and suggests that the …
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