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PayPal (PYPL) Catches Eye: Stock Jumps 8.6%

Zacks Equity Research

PayPal Holdings, Inc. PYPL was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $96.64 to $104.55 in the past one-month time frame.

The move came after the company reported better-than-expected third-quarter 2019 results.

The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

PayPal currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

PayPal Holdings, Inc. Price

PayPal Holdings, Inc. Price
PayPal Holdings, Inc. Price

PayPal Holdings, Inc. price | PayPal Holdings, Inc. Quote

Investors interested in the Internet – Software industry may consider Benefitfocus, Inc. BNFT, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is PYPL going up? Or down? Predict to see what others think:Up or Down

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PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report
 
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