Published on 2 Dec 2021 on Market Watch
PayPal Holdings Inc. stock outperforms competitors on strong trading day
Shares of PayPal Holdings Inc. rallied 4.37% to $187.15 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.42% to 4,577.10 and the Dow Jones Industrial Average rising 1.82% to 34,639.79. The stock's rise snapped a four-day losing streak. PayPal Holdings Inc. closed $123.01 short of its 52-week high ($310.16), which the company reached on July 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Visa Inc. Cl A rose 4.28% to $198.29, Mastercard Inc. rose 4.54% to $320.20, and American Express Co. rose 4.47% to $156.77. Trading volume (20.4 M) eclipsed its 50-day average volume of 14.8 M.