The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. PayPal Holdings Inc shares valued at $466,077 were sold by Keller Frank on Mar 01 ’24. At $60.64 per share, Keller Frank sold 7,686 shares. The insider’s holdings dropped to 23,430 shares worth approximately $1.51 million following the completion of this transaction.
Also, Alford Peggy sold 15,000 shares, netting a total of over 851,428 in proceeds. Following the sale of shares at $56.76 each, the insider now holds 40,601 shares.
Before that, Auerbach Jonathan had sold 64,957 shares from its account. In a trade valued at $3,610,373, the Chief Strat., Gr & Data Ofr traded PayPal Holdings Inc shares for $55.58 each. Upon closing the transaction, the insider’s holdings decreased to 64,957 shares, worth approximately $5.1 million.
As published in a research note from Daiwa Securities on February 13, 2024, PayPal Holdings Inc [PYPL] has been rated down from an Outperform to a Neutral and the price target has been revised to $62 from $64. Analysts at DZ Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early February. As of February 09, 2024, Argus has decreased its “Buy” rating to a “Hold” for PYPL. Earlier on February 08, 2024, Monness Crespi & Hardt resumed its rating. Their recommendation was “a Buy” for PYPL stock.
Analyzing PYPL Stock Performance
During the last five days, there has been a drop of approximately -3.05%. Over the course of the year, PayPal Holdings Inc shares have jumped approximately 5.10%. Shares of the company reached a 52-week high of $68.21 on 03/27/24 and a 52-week low of $55.77 on 02/08/24. A 50-day SMA is recorded $61.68, while a 200-day SMA reached $61.59. Nevertheless, trading volume fell to 9.88 million shares from 7.18 million shares the previous day.
Support And Resistance Levels for PayPal Holdings Inc (PYPL)
According to the 24-hour chart, there is a support level at 63.80, which, if violated, would cause prices to drop to 63.06. In the upper region, resistance lies at 65.82. The next price resistance is at 67.10. RSI (Relative Strength Index) is 54.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 63.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is PayPal Holdings Inc subject to short interest?
Stocks of PayPal Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.67 million shares to 22.95 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 21.28 million shares. A jump of 7.28% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.49 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.49.
