DJ PayPal Holdings Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of PayPal Holdings Inc. (PYPL) shed 5.95% to $85.45 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.
This was the stock's second consecutive day of losses.
PayPal Holdings Inc. closed $8.21 short of its 52-week high ($93.66), which the company reached on December 9th.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. $(AAPL)$ fell 2.14% to $248.05, Alphabet Inc. Cl C $(GOOG)$ fell 3.54% to $190.15, and Alphabet Inc. Cl A $(GOOGL)$ fell 3.59% to $188.40.
Trading volume (12.4 M) eclipsed its 50-day average volume of 9.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 16:43 ET (21:43 GMT)
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