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Shares of PayPal Holdings Inc. (PYPL) shed 3.93% to $59.37 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.88% to 4,151.28 and the Dow Jones Industrial Average falling 0.11% to 32,764.65.
This was the stock's third consecutive day of losses.
PayPal Holdings Inc. closed $43.66 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 0.67% to $172.99, Alphabet Inc. Cl C (GOOGL) rose 2.23% to $124.35, and Alphabet Inc. Cl A (GOOGL) rose 2.13% to $123.48.
Trading volume (24.4 M) eclipsed its 50-day average volume of 14.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 25, 2023.
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May 25, 2023 17:21 ET (21:21 GMT)
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