PayPal Stock Is Approaching 52-Week Lows: What's Going On?

PayPal Holdings Inc PYPL shares are trading lower Wednesday alongside several stocks in the broader technology sector amid weakness in tech giant Netflix Inc NFLX

Netflix reported an unexpected decline in its subscriber base during the first quarter and guided for another subscriber loss in the second quarter. The stock was down more than 35% at publication time.

PayPal is down nearly 50% year-to-date and more than 10% in just the last week. Several analysts have lowered price targets on the stock this month, citing inflationary pressures and elevated user churn. 

Related Link: Here's Why Credit Suisse Slashed Its Price Target On PayPal

Traders also continue to assess Fed policy outlook amid rising inflation and ongoing geopolitical tensions. 

PayPal is set to announce its financial results after the market closes on April 27.

PYPL 52-Week Range: $92.25 - $310.16

According to data from Benzinga Pro, the stock was down 8.72% at $94.62 at press time.

Photo: courtesy of PayPal.

Posted In: why it's movingPrice TargetAnalyst RatingsMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.