In a filing, PayPal Holdings Inc revealed its Director MESSEMER DEBORAH M. unloaded Company’s shares for reported $0.27 million on May 24 ’24. In the deal valued at $61.65 per share,4,422 shares were sold. As a result of this transaction, MESSEMER DEBORAH M. now holds 13,976 shares worth roughly $1.13 million.
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Then, Keller Frank sold 7,686 shares, generating $466,077 in total proceeds. Upon selling the shares at $60.64, the SVP, GM, Lg Ent & Mer Plat. now owns 23,430 shares.
Before that, Alford Peggy sold 15,000 shares. PayPal Holdings Inc shares valued at $851,428 were divested by the EVP, Global Sales at a price of $56.76 per share. As a result of the transaction, Alford Peggy now holds 40,601 shares, worth roughly $3.3 million.
A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Outperform”. Bernstein also remained covering PYPL and has increased its forecast on July 31, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Argus revised its rating on July 31, 2024. It rated PYPL as “a Buy” which previously was an “a Hold”.
Price Performance Review of PYPL
On Tuesday, PayPal Holdings Inc [NASDAQ:PYPL] saw its stock jump 1.12% to $81.16. Over the last five days, the stock has gained 4.76%. PayPal Holdings Inc shares have risen nearly 32.16% since the year began. Nevertheless, the stocks have risen 40.49% over the past one year. While a 52-week high of $80.63 was reached on 10/08/24, a 52-week low of $50.25 was recorded on 02/08/24. SMA at 50 days reached $71.29, while 200 days put it at $64.39.
Levels Of Support And Resistance For PYPL Stock
The 24-hour chart illustrates a support level at 80.02, which if violated will result in even more drops to 78.89. On the upside, there is a resistance level at 81.85. A further resistance level may holdings at 82.54. The Relative Strength Index (RSI) on the 14-day chart is 70.82, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.64%. Stochastics %K at 93.01% indicates the stock is a selling.
How much short interest is there in PayPal Holdings Inc?
A steep rise in short interest was recorded in PayPal Holdings Inc stocks on 2024-09-13, growing by 4.77 million shares to a total of 23.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 18.8 million shares. There was a rise of 20.25%, which implies that there is a positive sentiment for the stock.
