Speaker 1: PayPal Holding stock ticker symbol p y p L closed
Speaker 1: at fifty nine dollars and forty four cents on Thursday,
Speaker 1: December eighteenth, after dropping one point two per cent from
Speaker 1: the previous close of sixty dollars and eighteen cents. According
Speaker 1: to market Beat. It traded as low as fifty eight
Speaker 1: dollars and ninety two cents that day, with pre market
Speaker 1: activity on Friday showing it around fifty nine dollars and
Speaker 1: fifty five cents per Google Finance. Trading volume surged to
Speaker 1: approximately twenty three million, five hundred twenty six thousand shares,
Speaker 1: which is eighty seven per cent above the average daily
Speaker 1: volume of twelve million, six hundred thousand shares as reported
Speaker 1: by market Beat. This elevated volume accompanied the decline, leaving
Speaker 1: the stock below its fifty day moving average of sixty
Speaker 1: five dollars and ten cents and two hundred day moving
Speaker 1: average of sixty eight dollars and ninety four cents. Recent
Speaker 1: news highlights mixed analyst sentiment. PayPal beat third quarter earnings
Speaker 1: with one dollar an thirty four cents per share against
Speaker 1: expectations of one dollar and twenty cents and revenue of
Speaker 1: eight billion forty two million dollars versus eight billion twenty
Speaker 1: one million dollars expected. Per market Beat, it guided fourth
Speaker 1: quarter twenty twenty five earnings at one dollar twenty seven
Speaker 1: cents to one dollar thirty one cents and full year
Speaker 1: twenty twenty five at five dollars thirty five cents to
Speaker 1: five dollars thirty nine cents. However, downgrades dominate. Morgan Stanley
Speaker 1: cut PayPal to underweight from equal weight, slashing its price
Speaker 1: target to fifty one dollars from seventy four dollars due
Speaker 1: to checkout concerns and sluggish growth through twenty twenty eight.
Speaker 1: According to investing dot Com and goo Focus. Baird shifted
Speaker 1: from strong buy to hold on December twelfth. Evercore ISI
Speaker 1: lowered its target to sixty five dollars on December eighth,
Speaker 1: and Jeffrey's reduced to sixty dollars in November. Per market Beat,
Speaker 1: consensus remains hold with twelve buys, three holds, and four
Speaker 1: cells and an average price target of seventy eight dollars
Speaker 1: and ninety seven cents, despite a low price to earnings
Speaker 1: ratio of eleven dollars and ninety one cents and strong
Speaker 1: payment volume competition from Stripe and agy in Pressure's margins
Speaker 1: notes they invest options. Trading was active on December eighteenth,
Speaker 1: with one hundred ninety thousand, two hundred ninety contracts Perfudin.
Speaker 1: Thank you for tuning in and please subscribe. This has
Speaker 1: been a quiet please production. For more checkout quiet please
Speaker 1: dot ai