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Shares of PayPal Holdings Inc. (PYPL) shed 3.88% to $61.69 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.16% to 4,124.08 and Dow Jones Industrial Average falling 0.03% to 33,300.62.
PayPal Holdings Inc. closed $41.34 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 Friday, as Apple Inc. (AAPL) fell 0.54% to $172.57, Alphabet Inc. Cl C (GOOGL) rose 0.87% to $117.92, and Alphabet Inc. Cl A (GOOGL) rose 0.81% to $117.51.
Trading volume (28.6 M) eclipsed its 50-day average volume of 13.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 12, 2023.
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May 12, 2023 17:21 ET (21:21 GMT)
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