PayPal Holdings Inc. Stock Underperforms Friday When Compared To Competitors

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Information Technology : Technology Hardware, Storage & Peripherals | Mid Cap Value
Based in Japan

Company profile

SEIKO EPSON CORPORATION is a Japan-based company engaged in the printing solutions business, visual communication business, as well as wearable and industrial products business. The Company has three business segments. The Printing Solutions segment is engaged in the provision of printer products such as inkjet printers, page printers and color image scanners, as well as professional printing products such as industrial inkjet printers and label printers. The Visual Communication segment is engaged in the provision of liquid crystal projectors, high temperature polysilicon thin-film-transistor (TFT) liquid crystal panels and smart glasses. The Wearable and Industrial Products segment is engaged in the provision of wearable devices such as watches and sensing devices, robotics solutions products such as industrial robots and integrated circuit (IC) handlers, as well as microdevices such as crystal devices and semiconductors. The Company is also engaged in the group services business.

PayPal Holdings Inc. Stock Underperforms Friday When Compared To Competitors

5:20 pm ET May 19, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

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.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 19, 2023 17:20 ET (21:20 GMT)