|Day's range||30.70 - 30.70|
Shares of fintech pioneer PayPal Holdings (NASDAQ: PYPL) are down about 75% from their all-time high, but zooming out tells a different story. Ever since eBay spun off PayPal in 2015, the latter's stock has more than doubled in value. Why buy PayPal stock?
S&P Dow Jones and MSCI will reclassify the Global Industry Classification Standard structure after the close on 17 March. These sector ETFs will be impacted.
After posting monster growth in 2020 and 2021, in large part from the pandemic's boost for online shopping and digital transactions, PayPal Holdings (NASDAQ: PYPL) pumped the brakes in 2022, with total payment volume (TPV) and revenue increasing 8% and 9%, respectively, a sharp slowdown from the prior two years. Like most other businesses, PayPal is dealing with tough comparisons, macroeconomic concerns, and normalization of consumer behavior, which on their own wouldn't be enough to sound the alarm. Here's why Apple (NASDAQ: AAPL) might be PayPal's biggest threat.