PayPal Holdings Inc. Stock Falls Wednesday, Underperforms Market
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Shares of PayPal Holdings Inc. (PYPL) slid 0.07% to $189.97 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.14% to 4,793.06 and the Dow Jones Industrial Average rising 0.25% to 36,488.63. This was the stock's second consecutive day of losses. PayPal Holdings Inc. closed $120.19 short of its 52-week high ($310.16), which the company achieved on July 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Visa Inc. Cl A (V) rose 0.06% to $218.17, Mastercard Inc. (MA) rose 0.14% to $361.29, and American Express Co. (AXP) fell 0.35% to $163.83. Trading volume (7.0 M) remained 10.5 million below its 50-day average volume of 17.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 29, 2021.
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December 29, 2021 17:19 ET (22:19 GMT)
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