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Shares of PayPal Holdings Inc. PYPL shed 2.28% to $69.84 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.88% to 3,785.38 and Dow Jones Industrial Average DJIA falling 0.82% to 30,775.43. This was the stock's fourth consecutive day of losses. PayPal Holdings Inc. closed $240.32 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 1.31% to $196.89, Mastercard Inc. MA fell 2.20% to $315.48, and American Express Co. AXP fell 0.24% to $138.62. Trading volume (14.3 M) remained 3.7 million below its 50-day average volume of 17.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 30, 2022.
(END) Dow Jones Newswires
June 30, 2022 17:17 ET (21:17 GMT)
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