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Where Will PayPal Holdings Inc (PYPL) Stock Go Next After It Has Risen 6.23% in a Week?

Wednesday, June 08, 2022 03:44 PM | InvestorsObserver Analysts
Where Will PayPal Holdings Inc (PYPL) Stock Go Next After It Has Risen 6.23% in a Week?

Overall market sentiment has been neutral on PayPal Holdings Inc (PYPL) stock lately. PYPL receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
PayPal Holdings Inc has a Neutral 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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PYPL Stock Today?

PayPal Holdings Inc (PYPL) stock is trading at $87.62 as of 3:39 PM on Wednesday, Jun 8, a drop of -$0.97, or -1.09% from the previous closing price of $88.59. The stock has traded between $86.89 and $89.32 so far today. Volume today is low. So far 6,070,875 shares have traded compared to average volume of 18,427,533 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.

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