PayPal Holdings (PYPL) : The money flow analysis of PayPal Holdings (PYPL) indicates a $1.14 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $4.36 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 3.84 and so was the total money flow at $3.22 million. The bulls lapped up $3.56 million worth of block trades on upticks. The money flow was $3.56 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of PayPal Holdings (PYPL), pushing it down by -0.13% for the day. The stock slid $0.05 and traded at $39.32 during the day. Nonetheless, the stock is 0.59% over the previous weeks close.
Also, Stephens & Co. initiates coverage on PayPal Holdings (NASDAQ:PYPL) The current rating of the shares is Overweight. The rating by the firm was issued on July 8, 2016.
PayPal Holdings (NASDAQ:PYPL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.44 and $39.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.05, notching a gain of 1.73% for the day. The total traded volume was 11,189,094 . The stock had closed at $39.37 on the previous day.
The stock has recorded a 20-day Moving Average of 8.06% and the 50-Day Moving Average is 6.2%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Paypal Holdings, Inc., Moffett David M had sold 15,971 shares worth of $576,234 in a transaction dated February 1, 2016. In this transaction, 15,971 shares were sold at $36.08 per share.
PayPal Holdings, Inc. (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions across its Payments Platform, including PayPal, PayPal Credit, Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card, or other stored value products such as coupons and gift cards.