|Bid||0.00 x 900|
|Ask||0.00 x 3200|
|Day's Range||55.41 - 56.86|
|52 Week Range||22.28 - 58.46|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||50.94|
Despite an increasingly competitive environment in international payments, e-commerce and physical stores, one team of analysts views market pioneer PayPal Holdings Inc. ( PYPL) as positioned to lead the segment, driving its shares to outperform the broader market as it expands its 1% stake in global payment volumes.
There seems to be a marginal rebound in the price of the top cryptocurrencies, although the markets were choppy on Thursday. The price of Bitcoin was $7,480 as of 6:00 AM EST on Friday, May 25. The market cap for Bitcoin is $27 billion, and the overall market cap of all cryptocurrencies combined is $334 billion.
In Square's weekly bar chart, we can see that prices are above a rising 40-week moving-average line. The 12-week price momentum study also shows lower price peaks more recently when compared to November's higher price peaks.
Breaking the cycle of alternate days of gains and losses, the cryptocurrency markets seem to have experienced an extreme downturn. Bitcoin, the largest cryptocurrency, was down 6.4% as of 8:00 AM EST today and was trading at $7,379.7 after reaching a low of $7,300. Bitcoin Cash and Litecoin also tumbled about 6.6% and 6.1%, respectively.
NEW YORK, NY / ACCESSWIRE / May 24, 2018 / Shares of EVO Payments exploded in Wednesday trading on their first day of trading on the NASDAQ. The stock closed up 18.88% yesterday as the merchant acquiring ...
Months later we arrived, penniless, in Australia, decided our plan to circle the world in a year and “get travel out of our systems” was doomed, and a few months later created something that would ensure we’d never kick our travel habit: Lonely Planet. Of course we had no idea what we’d stumbled on, although years later it seemed obvious that this was the perfect moment to launch a travel publishing empire: the baby boomers were coming of age, jumbo jets were taking to the air and the hippie trail and the “Marrakesh Express” were on every young traveller’s mind. A year later we were exploring south-east Asia on a motorcycle, but by this time our travels were completely different.
Shares of merchant services and payments processing provider Square Inc. ( SQ) fell over 3% on Tuesday following an announcement that the company would raise $750 million in a convertible debt offering. The new funds will "enable Square to continue its acquisition strategy, having announced the $365 million acquisition of Weebly only last month," wrote Morgan Stanley analyst James Faucette in a note to clients.
Square Inc (NYSE:SQ) has a lot going for it off and on the price chart. Shares of Square took a modest 3.1% hit Tuesday as investors reacted cautiously to news of a $750 million convertible offering. The financing will be used by the company grow its business through its existing acquisition strategy and maintain market share against competition from the likes of PayPal Holdings Inc (NASDAQ:PYPL).
Bitcoin slumped on May 23 and was trading at $7,873 as of 6:00 AM EST, below the psychological support level of $8,000. It has fallen about 5% over the last 24 hours, and its market cap is also down to $134 billion. Ethereum, ripple, bitcoin cash, EOS, and litecoin, other top cryptocurrencies, have also dropped 10.2%, 8.1%, 11.1%, 11.6%, and 6.7%, respectively, in the last 24 hours.
Square, Inc. (“Square”) (SQ) today announced the pricing of $750 million aggregate principal amount of convertible senior notes due 2023 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). Square also granted the initial purchaser of the Notes a 30-day option to purchase up to an additional $112.5 million aggregate principal amount of the Notes solely to cover over-allotments, if any.
Square stock fell after the company announced a $750 million convertible-debt offering that will provide currency for more acquisitions as its rivalry with PayPal Holdings heats up.
Oil hit multi-year highs and stocks chopped slightly lower on Tuesday. In other words, we didn’t get too much action on a broad scale. However, that doesn’t mean we didn’t get big moves in individual stocks. With that in mind, let’s look our top stock trades for Wednesday.Top Stock Trades for Tomorrow #1: Square (SQ)
Digital payments giant Paypal (PYPL) announced on Thursday, May 17, that it agreed to buy European payments company iZettle for $2.2 billion. The acquisition would mark the company’s first big step into brick-and-mortar retail after dominating online payments for years. The acquisition would also be the biggest in PayPal’s history.
On Monday, the company said it planned to sell $750 million in notes, which it said would be used for “general corporate purposes.” (The announcement also mentioned a few other related transactions.) That could mean more acquisitions, Morgan Stanley analysts wrote. “This debt offering enables Square (SQ) to continue its acquisition strategy,” they wrote. “We think Square’s M&A strategy will remain focused on expanding product offerings for small- and medium-size business clients while also expanding its international footprint.” Square acquired Weebly, a website building platform aimed at small businesses, in late April.
Cryptocurrencies have continued their fluctuation, alternating between gains and losses. As of 7:30 AM Eastern Time on May 22, bitcoin had fallen ~2.5% over the last 24 hours and was trading at $8,273. Top cryptos Ethereum and Ripple also fell, declining 3% and 2.7%, respectively.
Kabbage Inc, a U.S. online lender for small businesses, plans to launch payment processing services by year-end, President Kathryn Petralia said on Monday, helping it to diversify and compete more directly with industry leaders PayPal Holdings Inc (PYPL.O) and Square Inc (SQ.N). The Atlanta-based startup will offer tools to enable clients, mostly brick-and-mortar businesses, to accept card payments in-store and online, Petralia said in an interview. "The monoline businesses have a hard time succeeding long term," Petralia said, adding that Kabbage hopes the move would deepen its relationship with customers.
PayPal's newest toy complements it almost perfectly, giving the digital-payment platform new merchant tools, a greater point-of-sale presence, and an increased geographic reach. It also looks like a calculated move aimed squarely at the competition.
Despite high valuations for both private and public financial-technology companies, expect to see more deal activity in the payments sector. PayPal Holdings Inc.’s (PYPL) recently announced acquisition of Swedish fintech company iZettle “marks a pivot point for increased deal activity, deal sizes, and valuations,” Mitch Siegel, KMPG’s financial services strategy leader, told MarketWatch. The iZettle deal hits on a number of key themes that should remain of interest for legacy payments giants as they seek to adapt to disruptive forces in the industry, he said.