PayPal Holdings (PYPL) : Money flow in the PayPal Holdings (PYPL) stock was negative (2.37 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $9.57 million, compared to $11.94 million on downticks. The total uptick to downtick ratio was 0.8, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.62 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.81 million. Downtick transaction value in block trades amounted to $3.42 million, indicating persistent selling. The uptick to downtick ratio was 0.24. PayPal Holdings (PYPL) traded $0.01 higher at $38.52 gaining 0.03% over the previous days close.
Shares of PayPal Holdings, Inc. appreciated by 1.45% during the last five trading days but lost 1.61% on a 4-week basis. PayPal Holdings, Inc. has dropped 2.14% during the last 3-month period . Year-to-Date the stock performance stands at 6.24%.
PayPal Holdings (NASDAQ:PYPL): The stock opened at $38.55 on Monday but the bulls could not build on the opening and the stock topped out at $38.65 for the day. The stock traded down to $38.34 during the day, due to lack of any buying support eventually closed down at $38.46 with a loss of -0.13% for the day. The stock had closed at $38.51 on the previous day. The total traded volume was 4,548,206 shares.
In a related news, The Securities and Exchange Commission has divulged that Ready William J, officer (SVP, Global Head Product & Eng) of Paypal Holdings, Inc., had unloaded 48,963 shares at an average price of $38 in a transaction dated on August 5, 2016. The total value of the transaction was worth $1,860,594.
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.