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Shares of PayPal Holdings Inc. (PYPL) rallied 1.44% to $63.96 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.45% to 4,282.37 and the Dow Jones Industrial Average rising 2.12% to 33,762.76.
This was the stock's second consecutive day of gains.
PayPal Holdings Inc. closed $39.07 short of its 52-week high ($103.03), which the company achieved on August 16th.
The stock outperformed some of its competitors Friday, as Apple Inc. (AAPL) rose 0.48% to $180.95, Alphabet Inc. Cl C (GOOGL) rose 0.69% to $125.23, and Alphabet Inc. Cl A (GOOGL) rose 0.77% to $124.67.
Trading volume (16.3 M) eclipsed its 50-day average volume of 15.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 2, 2023.
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June 02, 2023 16:45 ET (20:45 GMT)
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