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Shares of PayPal Holdings Inc. (PYPL) slid 2.33% to $60.80 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.64% to 4,109.90 and Dow Jones Industrial Average falling 1.01% to 33,012.14.
PayPal Holdings Inc. closed $42.23 below 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) remained unchanged, Alphabet Inc. Cl C (GOOGL) rose 2.68% to $120.09, and Alphabet Inc. Cl A (GOOGL) rose 2.57% to $119.51.
Trading volume (17.4 M) eclipsed its 50-day average volume of 14.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2023.
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May 16, 2023 17:21 ET (21:21 GMT)
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