PayPal Holdings Inc. Stock Falls Tuesday, Underperforms Market
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Shares of PayPal Holdings Inc. (PYPL) slid 1.71% to $72.46 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.38% to 3,735.48 and Dow Jones Industrial Average falling 0.50% to 30,364.83. This was the stock's fifth consecutive day of losses. PayPal Holdings Inc. closed $237.70 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 Tuesday, as Visa Inc. Cl A (V) rose 0.66% to $193.52, Mastercard Inc. (MA) rose 0.75% to $322.14, and American Express Co. (AXP) fell 1.16% to $144.60. Trading volume (19.2 M) eclipsed its 50-day average volume of 17.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 14, 2022.
(END) Dow Jones Newswires
June 14, 2022 17:17 ET (21:17 GMT)
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