What's Going On With PayPal Stock?
Portfolio Pulse from Henry Khederian
PayPal Holdings Inc (NASDAQ:PYPL) shares have fallen by 2.5% to $62.81 and 16% over the past five sessions following a sequential decline in active accounts and Q2 earnings. The stock is also affected by Moody's downgrade of credit ratings of 10 U.S. banks. Despite this, PayPal reported Q2 earnings of $1.16 per share, beating the analyst consensus estimate of $1.05, and quarterly sales of $6.81 billion, exceeding the analyst consensus estimate of $6.59 billion.
August 08, 2023 | 3:18 pm
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PayPal's stock has fallen due to a decline in active accounts and Q2 earnings, as well as Moody's downgrade of 10 U.S. banks. However, it beat analyst consensus estimates for Q2 earnings and sales.
PayPal's stock has fallen due to a sequential decline in active accounts and Q2 earnings, which are key indicators of the company's performance. The downgrade of credit ratings of 10 U.S. banks by Moody's also negatively impacts the stock as it creates a negative sentiment in the market. However, PayPal beat analyst consensus estimates for Q2 earnings and sales, which could potentially mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100