PayPal Holdings Inc. Stock Falls 12.7%, Underperforms Peers

Dow Jones08-29 04:33

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of PayPal Holdings Inc. tumbled 12.7% to $53.66 on what proved to be an all-around grim trading session for the stock market, with the Dow Jones Industrial Average remaining mostly unchanged at 53,559.99 and the S&P 500 Index falling 0.2% to 7,711.76.

This was the stock's third consecutive day of losses.

PayPal Holdings Inc. closed 32.3% below its 52-week high of $79.22, which the company reached on October 28th.

The stock underperformed when compared to some of its peers, as Apple Inc. rose 1.6% to $319.70, Alphabet Inc. Cl C rose 1.5% to $342.88, and Alphabet Inc. Cl A rose 1.74% to $346.59.

Trading volume totaled 36.0 million, compared to the 50-day average of 15.4 million.

Data source: Dow Jones Market Data, FactSet

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