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These brand-name companies, some of which have been public for more than a quarter of a century, are historically inexpensive.
A potentially looming recession, elevated inflation, a recent string of bank failures, and rising interest rates aren't exactly developments that investors cheer. PayPal's stock is down 36% over the last 12 months, seriously underperforming the S&P 500, which has fallen 11% during the same period. Last year was still a healthy one for PayPal, with an 8% increase in sales to $27.5 billion.
While many tech stocks have continued to rise this year, Block (SQ) stock had its worst week in over three years after short-seller Hindenburg Research questioned its business operations.