PYPL Stock Summary and Trading Ideas (Paypal Holdings | NASDAQ:PYPL)

PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 426 million active accounts at the end of 2023. The company also owns Venmo, a person-to-person payment platform.

Paypal Holdings trades on the NASDAQ stock market under the symbol PYPL.

As of December 20, 2024, PYPL stock price climbed to $87.13 with 14,764,621 million shares trading.

PYPL has a beta of 0.88, meaning it tends to be less sensitive to market movements. PYPL has a correlation of 0.14 to the broad based SPY ETF.

PYPL has a market cap of $87.35 billion. This is considered a Large Cap stock.

Last quarter Paypal Holdings reported $8 billion in Revenue and $1.20 earnings per share. This fell short of revenue expectation by $-43 million and exceeded earnings estimates by $.13.

In the last 3 years, PYPL traded as high as $196.10 and as low as $50.25.

The top ETF exchange traded funds that PYPL belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

PYPL has outperformed the market in the last year with a return of +41.1%, while the SPY ETF gained +27.8%. In the last 3 month period, PYPL beat the market returning +13.5%, while SPY returned +4.4%. However, in the most recent 2 weeks PYPL has underperformed the stock market by returning -3.1%, while SPY returned -2.4%.

PYPL support price is $85.03 and resistance is $88.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PYPL shares will trade within this expected range on the day.