Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $1.44 million following the completion of this transaction.
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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 $4.87 million.
As published in a research note from Monness Crespi & Hardt on April 29, 2024, PayPal Holdings Inc [PYPL] has been retained to a Buy and the price target has been revised to $88. Analysts at Daiwa Securities downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 09, 2024, DZ Bank has decreased its “Buy” rating to a “Hold” for PYPL. Earlier on February 09, 2024, Argus downgraded its rating. Their new recommendation was “a Hold” for PYPL stock which previously was a “a Buy”.
Analyzing PYPL Stock Performance
During the last five days, there has been a drop of approximately -3.93%. Over the course of the year, PayPal Holdings Inc shares have jumped approximately 0.28%. Shares of the company reached a 52-week high of $70.66 on 04/30/24 and a 52-week low of $55.77 on 02/08/24. A 50-day SMA is recorded $64.74, while a 200-day SMA reached $60.69. Nevertheless, trading volume fell to 10.46 million shares from 6.58 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 60.97, which, if violated, would cause prices to drop to 60.36. In the upper region, resistance lies at 62.44. The next price resistance is at 63.29. RSI (Relative Strength Index) is 38.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.40, which suggests the price will decrease in the coming days. Percent R is at 93.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
