Published on 4 Oct 2021 on Market Watch
PayPal Holdings Inc. stock falls Monday, underperforms market
Shares of PayPal Holdings Inc. shed 3.64% to $255.01 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.30% to 4,300.46 and Dow Jones Industrial Average falling 0.94% to 34,002.92. The stock's fall snapped a two-day winning streak. PayPal Holdings Inc. closed $55.15 below its 52-week high ($310.16), which the company achieved on July 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Visa Inc. Cl A fell 2.49% to $224.73, Mastercard Inc. fell 4.44% to $344.20, and American Express Co. fell 0.74% to $172.66. Trading volume (7.3 M) eclipsed its 50-day average volume of 6.2 M.