PayPal Holdings (NASDAQ:PYPL) has been reported to experience increased investment with firms such as Cwm LLC, City Holding Co., Diversified Trust Co, Jessup Wealth Management Inc, and Algert Global LLC purchasing thousands of shares. Notably, CEO Alex Chriss has invigorated the company, leading smart money to invest substantially in PYPL options, with some analysts suggesting this rally may be just the beginning. The company Beat Estimates in its most recent earnings report, and some speculate a bullish case scenario for the stock is brewing. Meanwhile, new CEO Alex Chriss' efforts seem to be yielding results, with the company expanding partnerships with Fiserv and Adyen in the U.S. and propelling a portion of Shopify Payments also in the U.S. In addition, it has allowed its merchants to trade cryptocurrencies while its share price is on an upswing, hitting a new 52-week high. Despite a small intermittent dip, PayPal stock's three-year growth and earnings stability have kept it a favorite among institutional investors holding over 70% of shares. The stock is predicted to continue rising toward a buying point amid robust profit growth.
Paypal Holdings PYPL News Analytics from Wed, 17 Apr 2024 07:00:00 GMT to Sat, 12 Oct 2024 08:58:06 GMT - Rating 7 - Innovation 4 - Information 8 - Rumor -2
