|Day's range||11.28 - 11.28|
PayPal (NASDAQ: PYPL) has gone public twice. The digital-payments company initially went public in 2002, but eBay (NASDAQ: EBAY) acquired it that same year. It remained a subsidiary of eBay and was its primary payments platform until 2015, when it was spun off again as a public company.
In the latest trading session, Paypal (PYPL) closed at $73.21, marking a +0.3% move from the previous day.
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?