PayPal Holdings Inc’s recently made public that its SVP, GM, Lg Ent & Mer Plat. Keller Frank unloaded Company’s shares for reported $0.47 million on Mar 01 ’24. In the deal valued at $60.64 per share,7,686 shares were sold. As a result of this transaction, Keller Frank now holds 23,430 shares worth roughly $1.48 million.
Then, Alford Peggy sold 15,000 shares, generating $851,428 in total proceeds. Upon selling the shares at $56.76, the EVP, Global Sales now owns 40,601 shares.
Before that, Auerbach Jonathan sold 64,957 shares. PayPal Holdings Inc shares valued at $3,610,373 were divested by the Chief Strat., Gr & Data Ofr at a price of $55.58 per share. As a result of the transaction, Auerbach Jonathan now holds 79,051 shares, worth roughly $5.0 million.
Daiwa Securities downgraded its PayPal Holdings Inc [PYPL] rating to a Neutral from a an Outperform in a research note published on February 13, 2024; the price target was decreased to $62 from $64. A number of analysts have revised their coverage, including DZ Bank’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. Argus also remained covering PYPL and has decreased its forecast on February 09, 2024 with a “Hold” recommendation from previously “Buy” rating. Monness Crespi & Hardt maintained its rating on February 08, 2024. It rated PYPL as “a Buy”.
Price Performance Review of PYPL
On Monday, PayPal Holdings Inc [NASDAQ:PYPL] saw its stock jump 1.41% to $63.19. Over the last five days, the stock has lost -0.50%. PayPal Holdings Inc shares have risen nearly 2.90% since the year began. Nevertheless, the stocks have fallen -14.12% over the past one year. While a 52-week high of $76.54 was reached on 03/27/24, a 52-week low of $50.25 was recorded on 02/08/24. SMA at 50 days reached $62.26, while 200 days put it at $61.42. A total of 9.94 million shares were traded, compared to the trading of 13.18 million shares in the previous session.
Levels Of Support And Resistance For PYPL Stock
The 24-hour chart illustrates a support level at 62.57, which if violated will result in even more drops to 61.95. On the upside, there is a resistance level at 63.72. A further resistance level may holdings at 64.26. The Relative Strength Index (RSI) on the 14-day chart is 47.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.53%. Stochastics %K at 13.27% indicates the stock is a buying.
The most recent change occurred on January 29, 2024 when Monness Crespi & Hardt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $95.
