Shares of PayPal Holdings Inc. are up 2.5% in Tuesday trading and on track to record a new all-time high if the gains hold through the close, according to Dow Jones Market Data. The stock needs to end the day above its Feb. 19 closing price of $123.91. It recently changed hands at $126.69. PayPal is due to report March-quarter earnings after Wednesday's closing bell. UBS analyst Eric Wasserstrom wrote that recent reports from Visa Inc. and Mastercard Inc. were "most positive for PayPal given its orientation to e-commerce." The credit-card giants pointed to online sales as a high point given disruptions to in-person spending. Shares of PayPal have gained 6% over the past three months as the S&P 500 has declined 13%. Read More...
Shares of PayPal Holdings Inc. are up 2.5% in Tuesday trading and on track to record a new all-time high if the gains hold through the close, according to Dow Jones Market Data. The stock needs to end the day above its Feb. 19 closing price of $123.91. It recently changed hands at $126.69. PayPal is due to report March-quarter earnings after Wednesday’s closing bell. UBS analyst Eric Wasserstrom wrote that recent reports from Visa Inc. and Mastercard Inc. were “most positive for PayPal given its orientation to e-commerce.” The credit-card giants pointed to online sales as a high point given disruptions to in-person spending. Shares of PayPal have gained 6% over the past three months as the S&P 500 has declined 13%.
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