PayPal Holdings (PYPL) : PayPal Holdings (PYPL) had a healthy money flow of $13.71 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $36.84 million, whereas, investors only sold shares worth $23.13 million on downticks. The stock closed the day with an up-down ratio of 1.59.The money flow in the block trades to the tune of $11.12 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $15.21 million worth of transactions were on upticks. A paltry $4.09 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 3.72. PayPal Holdings (PYPL) stock slid $0.29 intraday and traded at 37, a change of -0.78% over previous days close. However, for the week, the company shares are -1.73% compared to previous weeks close.
Also, Equity analysts at the Brokerage firm Credit Suisse maintains its rating on PayPal Holdings (NASDAQ:PYPL). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Credit Suisse raises the price target from $42 per share to $43 per share. The rating by the firm was issued on July 22, 2016.
PayPal Holdings, Inc. has lost 2.27% in the last five trading days and dropped 0.16% in the last 4 weeks. PayPal Holdings, Inc. has dropped 3.42% during the last 3-month period . Year-to-Date the stock performance stands at 2.21%.
PayPal Holdings (NASDAQ:PYPL): The stock opened at $37.26 on Tuesday but the bulls could not build on the opening and the stock topped out at $37.52 for the day. The stock traded down to $36.99 during the day, due to lack of any buying support eventually closed down at $37.00 with a loss of -0.78% for the day. The stock had closed at $37.29 on the previous day. The total traded volume was 6,873,648 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.