PayPal Holdings (PYPL) Jumps: Stock Rises 9.4%

PayPal Holdings, Inc. PYPL was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 5.4% in the past one-month time frame.

The move came after the company reported better-than-expected third-quarter 2018 results.

The company has seen estimate revision of just one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

PayPal Holdings currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.  

PayPal Holdings, Inc. Price

PayPal Holdings, Inc. Price | PayPal Holdings, Inc. Quote

A better-ranked stock in the Internet - Software industry is MeetMe, Inc. MEET, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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