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Shares of PayPal Holdings Inc. (PYPL) slid 0.31% to $61.27 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.94% to 4,198.05 and the Dow Jones Industrial Average rising 0.34% to 33,535.91.
PayPal Holdings Inc. closed $41.76 below its 52-week high ($103.03), which the company reached on August 16th.
The stock underperformed when compared to some of its competitors Thursday, as Apple Inc. (AAPL) rose 1.37% to $175.05, Alphabet Inc. Cl C (GOOGL) rose 1.68% to $123.52, and Alphabet Inc. Cl A (GOOGL) rose 1.65% to $122.83.
Trading volume (19.7 M) eclipsed its 50-day average volume of 14.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2023.
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May 18, 2023 17:20 ET (21:20 GMT)
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