Shares of PayPal Holdings (PYPL) Sees Large Outflow of Money

PayPal Holdings (PYPL): The stock had negative money flow to the tune of ($4.57 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $23.57 million, whereas, the outflow of money on downticks was $28.14 million and the ratio between the two was 0.84. The block trade had a negative net money flow of ($2.07 million). The total block trade value undertaken on upticks was $6.86 million. On the other hand, downticks amounted to $8.93 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.77. PayPal Holdings (PYPL) closed with marginal gains of 56 cents to end the day at $39.84, an increase of 1.43% over the previous days close. The stock recorded 6.64% for the week.


The stock has recorded a 20-day Moving Average of 9.25% and the 50-Day Moving Average is 6.09%.

PayPal Holdings (NASDAQ:PYPL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.69 and $39.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.96, notching a gain of 1.73% for the day. The total traded volume was 9,683,504 . The stock had closed at $39.28 on the previous day.

In an insider trading activity, Moffett David M, director of Paypal Holdings, Inc., unloaded 15,971 shares at an average price of $36.08 on February 1, 2016. The total amount of the transaction was worth $576,234, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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