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Shares of PayPal Holdings Inc. (PYPL) shed 3.83% to $63.38 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.45% to 4,137.64 and the Dow Jones Industrial Average falling 0.09% to 33,531.33.
This was the stock's second consecutive day of losses.
PayPal Holdings Inc. closed $39.65 below its 52-week high ($103.03), which the company reached on August 16th.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. (AAPL) rose 1.04% to $173.56, Alphabet Inc. Cl C (GOOGL) rose 4.02% to $112.28, and Alphabet Inc. Cl A (GOOGL) rose 4.10% to $111.75.
Trading volume (46.2 M) eclipsed its 50-day average volume of 13.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 10, 2023.
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May 10, 2023 17:21 ET (21:21 GMT)
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