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

PayPal Holdings (PYPL) : Money flow in the PayPal Holdings (PYPL) stock was negative (10.29 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $28.45 million, compared to $38.75 million on downticks. The total uptick to downtick ratio was 0.73, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($10.57 million), indicating selling on the strength. The transaction value during uptick in block trades was $9.11 million. Downtick transaction value in block trades amounted to $19.68 million, indicating persistent selling. The uptick to downtick ratio was 0.46. PayPal Holdings (PYPL) traded $0.39 higher at $36.32 gaining 1.09% over the previous days close.


PayPal Holdings (PYPL) : The consensus price target for PayPal Holdings (PYPL) is $43.5 for the short term with a standard deviation of $4.25. The most optimist securities analyst among the 26 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $32. The stock has recorded a 20-day Moving Average of 0.06% and the 50-Day Moving Average is 3.99%.

PayPal Holdings (NASDAQ:PYPL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.92 and $35.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.32, notching a gain of 1.09% for the day. The total traded volume was 7,326,735 . The stock had closed at $35.93 on the previous day.

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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