Is PayPal Stock a Buy, Sell, or Hold at 80% Below Its Record High?
The digital payments provider faces formidable challenges.
Overview
PayPal (NASDAQ: PYPL), one of the world's largest digital payment companies, was once a promising growth stock. It closed at an all-time high of $305.13 on July 23, 2021, marking a 651% gain from its opening price of $40.60 following its spin-off from eBay (NASDAQ: EBAY) on July 20, 2015. But today, it trades at about $52.
Should you buy, sell, or hold PayPal's stock after that 80% decline? Let's review its challenges, potential catalysts, and valuations to decide.
Image source: PayPal.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.