|Bid||55.94 x 2200|
|Ask||55.94 x 1200|
|Day's Range||55.41 - 56.86|
|52 Week Range||22.22 - 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||50.55|
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.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.