PayPal Holding stock ticker symbol p y p L closed at fifty nine dollars and forty four cents on Thursday, December eighteenth, after dropping one point two per cent from the previous close of sixty dollars and eighteen cents. According to market Beat. It traded as low as fifty eight dollars and ninety two cents that day, with pre market activity on Friday showing it around fifty nine dollars and
fifty five cents per Google Finance. Trading volume surged to approximately twenty three million, five hundred twenty six thousand shares, which is eighty seven per cent above the average daily volume of twelve million, six hundred thousand shares as reported by market Beat. This elevated volume accompanied the decline, leaving the stock below its fifty day moving average of sixty five dollars and ten cents and two hundred day moving average of sixty eight dollars and ninety four cents. Recent
news highlights mixed analyst sentiment. PayPal beat third quarter earnings with one dollar an thirty four cents per share against expectations of one dollar and twenty cents and revenue of eight billion forty two million dollars versus eight billion twenty one million dollars expected. Per market Beat, it guided fourth quarter twenty twenty five earnings at one dollar twenty seven cents to one dollar thirty one cents and full year twenty twenty five at five dollars thirty five cents to
five dollars thirty nine cents. However, downgrades dominate. Morgan Stanley cut PayPal to underweight from equal weight, slashing its price target to fifty one dollars from seventy four dollars due to checkout concerns and sluggish growth through twenty twenty eight. According to investing dot Com and goo Focus. Baird shifted from strong buy to hold on December twelfth. Evercore ISI lowered its target to sixty five dollars on December eighth,
and Jeffrey's reduced to sixty dollars in November. Per market Beat, consensus remains hold with twelve buys, three holds, and four cells and an average price target of seventy eight dollars and ninety seven cents, despite a low price to earnings ratio of eleven dollars and ninety one cents and strong payment volume competition from Stripe and agy in Pressure's margins
notes they invest options. Trading was active on December eighteenth, with one hundred ninety thousand, two hundred ninety contracts Perfudin. Thank you for tuning in and please subscribe. This has been a quiet please production. For more checkout quiet please dot ai