- What a day Feb. 2, 2022 was for PayPal, with the stock posting the largest single-day percentage decline in its history.
- For years, we thought that PayPal was too expensive. To a large extent, we still do, even after the stock has shaved almost 70% off its all-time high.
- Nonetheless, when a stock, especially such a large-cap stock, is losing that much value, it automatically gets our attention; if not for its fundamentals, then (at least) for its technicals.
- Do we like PayPal any better now compared to Feb. 1st? Not really, but we surely do like the opportunity to hit the "volatility iron" while it's (super) hot!
For further details see:
The Day PayPal Turned Into PayFall