Why us PayPal stock plunging? [Doubt]
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Unfortunately, I couldn't find any specific articles in the provided context that directly explain the recent plunge in PayPal stock.
Based on the information available, the stock price of PayPal (PYPL) has been plunging due to overvaluation during the previous bull market. However, the drop in stock prices is considered to be excessive, and both PayPal and Block (SQ) have the potential for substantial revenue and profitability growth. Changes in leadership at both companies could lead to increased efficiency and profitability. It is expected that the market will revalue PayPal and Block higher as economic growth improves and the Federal Reserve provides a more accessible monetary environment. Therefore, the current decline in PayPal's stock price may present an attractive value investment opportunity.
Reference articles:
Is There Opportunity in PayPal (PYPL) or Block's (SQ) Stock Near 52-Week Lows
Paypal (PYPL) Dips More Than Broader Markets: What You Should Know
This Bargain-Hunting Fund Manager Is Finding Value in PayPal and Other Fintech Stocks
Block And PayPal: The Market Is Dead Wrong
PayPal: A Compelling Deep Value Play