PayPal Holdings Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of PayPal Holdings Inc. (PYPL) shed 2.08% to $187.16 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.94% to 4,700.58 and Dow Jones Industrial Average falling 1.07% to 36,407.11. This was the stock's second consecutive day of losses. PayPal Holdings Inc. closed $123.00 short of its 52-week high ($310.16), which the company reached on July 26th.
The stock underperformed when compared to some of its competitors Wednesday, as Visa Inc. Cl A (V) fell 1.11% to $220.00, Mastercard Inc. (MA) fell 0.40% to $373.90, and American Express Co. (AXP) fell 1.07% to $171.76. Trading volume (13.0 M) remained 3.0 million below its 50-day average volume of 16.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 5, 2022.
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January 05, 2022 17:19 ET (22:19 GMT)
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