Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PayPal Holdings Inc shares valued at $272,616 were sold by MESSEMER DEBORAH M. on May 24 ’24. At $61.65 per share, MESSEMER DEBORAH M. sold 4,422 shares. The insider’s holdings dropped to 13,976 shares worth approximately $0.97 million following the completion of this transaction.
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Also, Keller Frank sold 7,686 shares, netting a total of over 466,077 in proceeds. Following the sale of shares at $60.64 each, the insider now holds 23,430 shares.
Before that, Alford Peggy had sold 15,000 shares from its account. In a trade valued at $851,428, the EVP, Global Sales traded PayPal Holdings Inc shares for $56.76 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $2.82 million.
As published in a research note from Daiwa Securities on August 09, 2024, PayPal Holdings Inc [PYPL] has been rated up from a Neutral to an Outperform and the price target has been revised to $72 from $68. Analysts at Bernstein upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of July 31, 2024, Argus has increased its “Hold” rating to a “Buy” for PYPL. Earlier on July 18, 2024, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for PYPL stock which previously was a “an Outperform”.
Analyzing PYPL Stock Performance
During the last five days, there has been a drop of approximately -4.49%. Over the course of the year, PayPal Holdings Inc shares have jumped approximately 12.93%. Shares of the company reached a 52-week high of $74.40 on 09/05/24 and a 52-week low of $55.77 on 02/08/24. A 50-day SMA is recorded $64.86, while a 200-day SMA reached $62.77. Nevertheless, trading volume fell to 12.27 million shares from 12.32 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 68.17, which, if violated, would cause prices to drop to 67.00. In the upper region, resistance lies at 70.11. The next price resistance is at 70.88. RSI (Relative Strength Index) is 52.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.96, which suggests the price will decrease in the coming days. Percent R is at 69.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
