PYPL - What's Going On With PayPal Shares? | Benzinga
PayPal Holdings Inc (NASDAQ:PYPL) shares are trading lower by 1.8% to $64.72 during Thursday’s session after inflation impacting American producers showed mixed results. The Producer Price Index (PPI) headline figure didn’t meet expectations, but the underlying gauge surpassed them, leading to uncertainty about potential delays in interest rate cuts.
Despite the headline figure falling short, the PPI showed a year-on-year increase of 2.1%, the highest in almost a year, following strong consumer inflation data, triggering notable market responses.Read More
Why This Matters
PayPal’s stock is sensitive to changes in interest rates because it operates in the financial sector. Higher inflation readings may lead to concerns about the Federal Reserve tightening monetary policy sooner than expected, which could result in higher interest rates. This can negatively affect companies like PayPal, which rely on low interest rates to support ...