Is PayPal Holdings Inc (PYPL) a Stock to Watch After Gaining 0.73% This Week?

PayPal Holdings Inc (PYPL) stock has risen 0.73% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

PayPal Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PYPL!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PYPL Stock Today?

PayPal Holdings Inc (PYPL) stock is trading at $99.63 as of 9:47 AM on Wednesday, Aug 17, a drop of -$2.45, or -2.4% from the previous closing price of $102.08. The stock has traded between $99.38 and $100.91 so far today. Volume today is below average. So far 459,831 shares have traded compared to average volume of 15,336,128 shares. To see InvestorsObserver's Sentiment Score for PayPal Holdings Inc click here.

More About PayPal Holdings Inc

PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 426 million active accounts at the end of 2021, including 34 million merchant accounts. The company also owns Xoom, an international money transfer business, and Venmo, a person-to-person payment platform. Click Here to get the full Stock Report for PayPal Holdings Inc stock.