PayPal stock plummets

Note: This section contains information in English only.
Source: Dukascopy Bank SA


After Tuesday's US trading hours, PayPal published the company's quarterly results. In general, PayPal revealed that growth of the company had continued to decline.

The stock price reacted with a 15.00% drop in the afterhours. Due to that reason a gap opening down was expected on Wednesday.

Total payment volume increased by 23% to $339.5 billion in the last quarter. Meanwhile, the company's former parent company Ebay has been moving its payment volume away from PayPal. In the last three months of 2021, the company's revenues increased by 13.00%, which is the lowest increase since 2019.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.