PayPal Holdings (PYPL) has risen sharply, recording gains of 1.79% in the past 4 weeks. However, the stock has corrected -1.09% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.4% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
PayPal Holdings, Inc. is up 1.49% in the last 3-month period. Year-to-Date the stock performance stands at 5.22%. The stock has recorded a 20-day Moving Average of 0.98% and the 50-Day Moving Average is 1.79%.
PayPal Holdings (NASDAQ:PYPL): The stock opened at $38.02 on Friday but the bulls could not build on the opening and the stock topped out at $38.18 for the day. The stock traded down to $37.90 during the day, due to lack of any buying support eventually closed down at $38.09 with a loss of -0.34% for the day. The stock had closed at $38.22 on the previous day. The total traded volume was 5,107,878 shares.
Also, In the latest statement by the brokerage house, Credit Suisse maintains its outlook on PayPal Holdings (NASDAQ:PYPL). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm 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. (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.