PayPal Holdings ( (PYPL) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
PayPal Holdings shares experienced a rise to $71.22, driven by increased options trading activity and a bullish put-call ratio, despite a downgrade to Peer Perform by Wolfe Research. The company’s strategic introduction of a 5% cash back on Buy Now Pay Later purchases aims to boost customer engagement and competitiveness in the digital payments sector. However, insider sentiment remains negative, with increased insider selling suggesting caution.
More about PayPal Holdings
YTD Price Performance: -17.28%
Average Trading Volume: 11,862,789
Technical Sentiment Signal: Sell
Current Market Cap: $68.11B
For further insights into PYPL stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.