aaryankarhana

PayPal is down by 61% this year, What's happening?

NASDAQ:PYPL   PayPal Holdings, Inc.


PayPal Holdings, Inc (NASDAQ: PYPL) shares is down over 61% year-to-date. The share value has lost 5.5% in November month and over 11% over the previous 6 months.

Despite the divergence in growth rates, PayPal remains a much larger payment type making up 16% of global e-commerce purchases versus Apple Pay's 5%.

According to Black Friday survey PayPal's e-commerce dominance, with PayPal core and Venmo accounting for 34.9% of Black Friday online payment practices, commanding the third place, with credit and debit leading.

PayPal reported third-quarter revenue of $6.85 billion, up 11% year-over-year, beating the consensus of $6.82 billion.
Adjusted EPS of $1.08 beat the consensus of $0.96.

Do you think, in coming weeks PYPL will go back to $80-85?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.