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PayPal Holdings Inc (PYPL) may enjoy gains as insiders got busy in the recent days

PayPal Holdings Inc’s recently made public that 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 $1.27 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.

Wolfe Research upgraded its PayPal Holdings Inc [PYPL] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “a Buy”. Monness Crespi & Hardt maintained its rating on October 28, 2024. It rated PYPL as “a Buy”.

Price Performance Review of PYPL

On Friday, PayPal Holdings Inc [NASDAQ:PYPL] saw its stock jump 1.81% to $91.02. Over the last five days, the stock has gained 1.27%. PayPal Holdings Inc shares have risen nearly 48.22% since the year began. Nevertheless, the stocks have risen 47.45% over the past one year. While a 52-week high of $93.66 was reached on 12/09/24, a 52-week low of $55.77 was recorded on 02/08/24. SMA at 50 days reached $83.72, while 200 days put it at $69.79.

Levels Of Support And Resistance For PYPL Stock

The 24-hour chart illustrates a support level at 90.17, which if violated will result in even more drops to 89.31. On the upside, there is a resistance level at 91.53. A further resistance level may holdings at 92.04. The Relative Strength Index (RSI) on the 14-day chart is 64.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.19%. Stochastics %K at 64.38% indicates the stock is a holding.

How much short interest is there in PayPal Holdings Inc?

A steep rise in short interest was recorded in PayPal Holdings Inc stocks on 2024-11-29, growing by 0.65 million shares to a total of 22.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 22.3 million shares. There was a rise of 2.84%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 14, 2024 when Mizuho resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $100.

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