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Shares of PayPal Holdings Inc. (PYPL) dropped 0.57% to $60.92 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,191.98 and Dow Jones Industrial Average falling 0.33% to 33,426.63.
This was the stock's second consecutive day of losses.
PayPal Holdings Inc. closed $42.11 below its 52-week high ($103.03), which the company reached on August 16th.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. (AAPL) rose 0.06% to $175.16, Alphabet Inc. Cl C (GOOGL) fell 0.22% to $123.25, and Alphabet Inc. Cl A (GOOGL) fell 0.06% to $122.76.
Trading volume (19.3 M) eclipsed its 50-day average volume of 14.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2023.
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May 19, 2023 17:20 ET (21:20 GMT)
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