Shares of PayPal Holdings (PYPL) Sees Large Inflow of Net Money Flow

PayPal Holdings (PYPL) : $264.49 million worth of transactions were on upticks in PayPal Holdings (PYPL), compared to $227.8 million on downticks. The ratio between the two was 1.16, whereas, the net money flow stood at a healthy $36.69 million on Fridays session.The block trades show a bullish bias with only $36.67 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $66.49million worth of trades. The up-down ratio between the uptick and downtick was 1.81, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $29.81 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -6.75%. The stock was trading at $37.42, with a drop of $2.71 over the previous days close. The stock recorded -4.27% for the week.


PayPal Holdings (PYPL) : The most positive equity analysts on PayPal Holdings (PYPL) expects the shares to touch $50, whereas, the least positive believes that the stock will trade at $32 in the short term. The company is covered by 26 Wall Street Brokerage Firms. The average price target for shares are $43.23 with an expected fluctuation of $4.27 from the mean.

PayPal Holdings (NASDAQ:PYPL): On Fridays trading session , Opening price of the stock was $37.3 with an intraday high of $37.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $36.43. However, the stock managed to close at $37.42, a loss of 6.75% for the day. On the previous day, the stock had closed at $40.13. The total traded volume of the day was 36,397,318 shares.

In a related news, The Securities and Exchange Commission has divulged that Moffett David M, director of Paypal Holdings, Inc., had unloaded 15,971 shares at an average price of $36.08 in a transaction dated on February 1, 2016. The total value of the transaction was worth $576,234.

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.

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