PYPL - Paypal Stock Sinks As Market Gains: Here's Why | Benzinga
Paypal (NASDAQ: PYPL) ended the recent trading session at $58.26, demonstrating a -1.8% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.49%.
Coming into today, shares of the technology platform and digital payments company had lost 4.57% in the past month. In that same time, the Computer and Technology sector gained 5.94%, while the S&P 500 gained 3.22%.
Investors will be eagerly watching for the performance of Paypal in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.95, showcasing a 18.1% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $7.78 billion, indicating a 6.7% upward movement from the same quarter last year.
Looking at the full year, the Zacks ...