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Shares of PayPal Holdings Inc. (PYPL) took a -13% dive 12.73% to $65.91 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.46% to 4,119.17 and Dow Jones Industrial Average falling 0.17% to 33,561.81.
The stock's fall snapped a three-day winning streak.
PayPal Holdings Inc. closed $37.13 short of its 52-week high ($103.03), which the company achieved on August 16th.
The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc. (AAPL) fell 1.00% to $171.77, Alphabet Inc. Cl C (GOOGL) fell 0.28% to $107.94, and Alphabet Inc. Cl A (GOOGL) fell 0.39% to $107.35.
Trading volume (68.4 M) eclipsed its 50-day average volume of 11.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2023.
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(END) Dow Jones Newswires
May 09, 2023 17:21 ET (21:21 GMT)
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