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What’s Going On With PayPal Shares Today?

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading higher by 1.50% to $89.90 Tuesday afternoon, The stock is possibly trading higher in anticipation of the company's second-quarter earnings announcement which is scheduled for after the market close today.
byHenry Khederian
August 2, 2022
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PayPal Holdings Inc (NASDAQ:PYPL) shares are trading higher by 1.50% to $89.90 Tuesday afternoon, The stock is possibly trading higher in anticipation of the company’s second-quarter earnings announcement which is scheduled for after the market close today.

According to analyst consensus estimates, PayPal is expected to report revenue of $6.78 billion on EPS of 86 cents.

Ahead of the earnings, Morgan Stanley analyst James Faucette said he expects weak e-commerce trends to weigh on PayPal’s growth in the medium term.

“While we expect PayPal to keep gaining share vs. the market, the eventual normalization of underlying e-commerce is likely required to drive shares higher,” he said… Read More

See Also: This Chipmaker Stock Has A Better 5-Year Return Than Bitcoin, Ethereum Classic, Amazon, Apple, Nvidia, Microsoft, Ford And Starbucks

According to data from Benzinga Pro, PayPal has a 52-week high of $296.70 and a 52-week low of $67.58.

 
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Despite Wednesday's fall, BlackBerry shares are still up more than 10% for the week. The rally got started when Keith Gill, the GameStop Corp (NYSE:GME) trader best known as "Roaring Kitty," posted a simple meme of a person leaning forward in a chair following three years of silence on social media. He has continued posting video clips on X throughout the week.

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