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Shares of PayPal Holdings Inc. (PYPL) slipped 7.04% to $73.72 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 3.88% to 3,749.63 and Dow Jones Industrial Average falling 2.79% to 30,516.74. This was the stock's fourth consecutive day of losses. PayPal Holdings Inc. closed $236.44 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 Monday, as Visa Inc. Cl A (V) fell 3.63% to $192.26, Mastercard Inc. (MA) fell 4.48% to $319.74, and American Express Co. (AXP) fell 5.26% to $146.29. Trading volume (19.7 M) eclipsed its 50-day average volume of 17.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 13, 2022.
(END) Dow Jones Newswires
June 13, 2022 17:17 ET (21:17 GMT)
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