Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $1.12 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 $3.24 million.
As published in a research note from Mizuho on October 14, 2024, PayPal Holdings Inc [PYPL] has been retained to an Outperform and the price target has been revised to $100. Analysts at Bernstein downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early October. Earlier on August 09, 2024, Daiwa Securities upgraded its rating. Their new recommendation was “an Outperform” for PYPL stock which previously was a “a Neutral”.
Analyzing PYPL Stock Performance
During the last five days, there has been a surge of approximately 1.06%. Over the course of the year, PayPal Holdings Inc shares have jumped approximately 29.98%. Shares of the company reached a 52-week high of $82.00 on 10/09/24 and a 52-week low of $55.77 on 02/08/24. A 50-day SMA is recorded $73.67, while a 200-day SMA reached $65.03. Nevertheless, trading volume fell to 8.59 million shares from 5.43 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 79.06, which, if violated, would cause prices to drop to 78.31. In the upper region, resistance lies at 80.74. The next price resistance is at 81.66. RSI (Relative Strength Index) is 58.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 36.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
