PayPal Holdings Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of PayPal Holdings Inc. (PYPL) slid 5.72% to $79.30 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.91% to 3,900.86 and Dow Jones Industrial Average falling 2.73% to 31,392.79. This was the stock's third consecutive day of losses. PayPal Holdings Inc. closed $230.86 below its 52-week high ($310.16), which the company achieved on July 26th.
The stock underperformed when compared to some of its competitors Friday, as Visa Inc. Cl A (V) fell 3.20% to $199.51, Mastercard Inc. (MA) fell 4.08% to $334.75, and American Express Co. (AXP) fell 4.08% to $154.42. Trading volume (19.1 M) eclipsed its 50-day average volume of 17.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 10, 2022.
(END) Dow Jones Newswires
June 10, 2022 17:17 ET (21:17 GMT)
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