PayPal Holdings Inc. Stock Falls Wednesday, Still Outperforms Market
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Shares of PayPal Holdings Inc. (PYPL) slid 0.32% to $61.80 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.73% to 4,115.24 and Dow Jones Industrial Average falling 0.77% to 32,799.92.
This was the stock's second consecutive day of losses.
PayPal Holdings Inc. closed $41.23 short of its 52-week high ($103.03), which the company reached on August 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple Inc. (AAPL) rose 0.16% to $171.84, Alphabet Inc. Cl C (GOOGL) fell 1.34% to $121.64, and Alphabet Inc. Cl A (GOOGL) fell 1.35% to $120.90.
Trading volume (14.7 M) remained 159,066 below its 50-day average volume of 14.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2023.
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May 24, 2023 17:20 ET (21:20 GMT)
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