PayPal Holdings Inc PYPL shares are trading lower by 4.25% at $77.82. Stocks have been highly volatile following the Federal Reserve’s recent 50 basis point rate hike, which has weighed on the Nasdaq heavily.
PayPal is also trading lower by 18.00% over the trailing month as investors digest the latest U.S. inflation data, which came in higher-than-expected. Anticipation of further Fed policy tightening has also continued to weigh on stocks across sectors.
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PayPal provides electronic payment solutions to merchants and consumers, with a focus on online transactions.
According to data from Benzinga Pro, PayPal has a 52-week high of $310.16 and a 52-week low of $71.83.
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