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Shares of PayPal Holdings Inc. (PYPL) rallied 4.65% to $75.83 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.46% to 3,789.99 and the Dow Jones Industrial Average rising 1.00% to 30,668.53. The stock's rise snapped a five-day losing streak. PayPal Holdings Inc. closed $234.33 short of its 52-week high ($310.16), which the company reached on July 26th.
The stock outperformed some of its competitors Wednesday, as Visa Inc. Cl A (V) rose 1.36% to $196.16, Mastercard Inc. (MA) rose 1.01% to $325.39, and American Express Co. (AXP) rose 1.12% to $146.22. Trading volume (17.1 M) remained 583,026 below its 50-day average volume of 17.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 15, 2022.
(END) Dow Jones Newswires
June 15, 2022 17:17 ET (21:17 GMT)
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