Published on 29 Mar 2024 on Zacks via Yahoo Finance
PayPal Holdings, Inc. (PYPL) Is a Trending Stock: Facts to Know Before Betting on It
Paypal (PYPL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this technology platform and digital payments company have returned +11% over the past month versus the Zacks S&P 500 composite's +3.7% change. The Zacks Internet - Software industry, to which Paypal belongs, has lost 1.1% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.