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PayPal Holdings Inc (PYPL) Stock: What Does the Chart Say Wednesday?

Wednesday, September 07, 2022 10:14 AM | InvestorsObserver Analysts

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PayPal Holdings Inc (PYPL) Stock: What Does the Chart Say Wednesday?

PayPal Holdings Inc (PYPL) stock is higher by 0.62% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
PayPal Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PYPL!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PYPL Stock Today?

PayPal Holdings Inc (PYPL) stock is trading at $92.37 as of 10:11 AM on Wednesday, Sep 7, a rise of $0.75, or 0.82% from the previous closing price of $91.62. The stock has traded between $91.76 and $93.48 so far today. Volume today is light. So far 1,058,532 shares have traded compared to average volume of 14,616,024 shares. To screen for more stocks like 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.

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