Stocks of PayPal Holdings (NASDAQ:PYPL) rallied by 0.54% during the past week but lost 1.49% on a 4-week basis. The company has outperformed the S&P 500 by 1.75% in the past week but underperformed the index by 2.39% in the last 4 weeks.
PayPal Holdings (NASDAQ:PYPL): The stock was completely flat for the day, closing at $36.97 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $37.03, the stock touched an intraday high of $37.18 and a low of $36.63. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $36.97. The total trading volume on Friday was 7,947,873.
On the companys insider trading activities,The director of Paypal Holdings, Inc., Moffett David M sold 15,971 shares at $36.08 on February 1, 2016. The Insider selling transaction had a total value worth of $576,234. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Oppenheimer initiates coverage on PayPal Holdings (NASDAQ:PYPL) . The global brokerage major announces a current price target of $42 per share. Analysts at the Oppenheimer have a current rating of Outperform on the shares. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 7% of PayPal Holdings shares according to the proxy statements. Institutional Investors own 78.02% of PayPal Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -72.38%.
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.