PayPal Is 83% Below Its High. Here's What Would Send the Stock Back There.
Despite being in a sound financial position, the digital payments pioneer has struggled in one key area.
Overview
The payments industry is full of lucrative businesses. Just look at Visa, Mastercard, and American Express. But relative newcomer PayPal (NASDAQ: PYPL) has struggled mightily in recent years, despite past success. And its investor base has paid the price.
This fintech stock trades at a gut-wrenching 83% off its record high of $305.13 (as of Sept. 29), set in July 2021. Are shares too cheap to ignore right now? Prospective investors will understand that there's only one thing that would send the stock price back to its previous all-time high.
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.