Large Outflow of Money Witnessed in PayPal Holdings

PayPal Holdings (PYPL): The stock had negative money flow to the tune of ($6.02 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $41.33 million, whereas, the outflow of money on downticks was $47.35 million and the ratio between the two was 0.87. The block trade had a negative net money flow of ($7.26 million). The total block trade value undertaken on upticks was $6.77 million. On the other hand, downticks amounted to $14.03 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.48. PayPal Holdings (PYPL) closed with marginal gains of 64 cents to end the day at $38.79, an increase of 1.68% over the previous days close. The stock recorded 3.83% for the week.


The company Insiders own 7% of PayPal Holdings shares according to the proxy statements. Institutional Investors own 78.03% of PayPal Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -72.38%. In an insider trading activity, Moffett David M, director of Paypal Holdings, Inc., unloaded 15,971 shares at an average price of $36.08 on February 1, 2016. The total amount of the transaction was worth $576,234, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of PayPal Holdings, Inc. rose by 7.39% in the last five trading days and 5.49% for the last 4 weeks. PayPal Holdings, Inc. is up 2.62% in the last 3-month period. Year-to-Date the stock performance stands at 7.15%.

PayPal Holdings (NASDAQ:PYPL): stock turned positive on Tuesday. Though the stock opened at $38.47, the bulls momentum made the stock top out at $38.91 level for the day. The stock recorded a low of $38.24 and closed the trading day at $38.79, in the green by 1.68%. The total traded volume for the day was 10,006,323. The stock had closed at $38.15 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.