PayPal Declines 4.1% YTD: How Should You Play the Stock in 2H?
PayPal(PYPL) ZACKS·2024-07-11 23:46
Shares of PayPal (PYPL) have not been performing well of late, having declined 4.1% in the year-to-date period against the S&P 500 and the Zacks Computer & Technology sector’s returns of 17.6% and 29.4%, respectively. The PYPL stock is also currently trading below its 50-day moving average, indicating a bearish trend.Market uncertainties, high inflation, unfavorable foreign exchange fluctuations and sluggish trends in consumer spending are hurting the near-term prospects of the company.The normalization tre ...