PayPal Holdings (PYPL) : Traders are bullish on PayPal Holdings (PYPL) as it has outperformed the S&P 500 by a wide margin of 1.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.09%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.63% in the last 1 week, and is up 5.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.41% and the 50-Day Moving Average is 3.69%.
PayPal Holdings (NASDAQ:PYPL): The stock opened at $40.02 on Friday but the bulls could not build on the opening and the stock topped out at $40.07 for the day. The stock traded down to $38.98 during the day, due to lack of any buying support eventually closed down at $39.09 with a loss of -2.18% for the day. The stock had closed at $39.96 on the previous day. The total traded volume was 8,140,573 shares.
The company Insiders own 7% of PayPal Holdings shares according to the proxy statements. Institutional Investors own 77.9% of PayPal Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -72.38%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Paypal Holdings, Inc., Moffett David M had sold 15,971 shares worth of $576,234 in a transaction dated February 1, 2016. In this transaction, 15,971 shares were sold at $36.08 per share.
PayPal Holdings, Inc. (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions across its Payments Platform, including PayPal, PayPal Credit, Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card, or other stored value products such as coupons and gift cards.