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Shares of PayPal Holdings Inc. PYPL slipped 6.07% to $71.23 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 3.25% to 3,666.77 and Dow Jones Industrial Average DJIA falling 2.42% to 29,927.07. PayPal Holdings Inc. closed $238.93 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 Thursday, as Visa Inc. Cl A V fell 3.62% to $189.05, Mastercard Inc. MA fell 5.10% to $308.78, and American Express Co. AXP fell 5.96% to $137.50. Trading volume (14.4 M) remained 3.3 million below its 50-day average volume of 17.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 16, 2022.
(END) Dow Jones Newswires
June 16, 2022 17:17 ET (21:17 GMT)
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