PayPal Stock Hits 6-Year Lows on Peer Warning

The equity is fresh off three consecutive weekly losses

Laura McCandless

Deputy Editor

Oct 25, 2023 at 10:58 AM

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) is one of many U.S. payment stocks falling today, after France's Worldline issued a sales and margin warning, and cut its full-year forecasts. At last glance, PYPL was down 4.7% at $51.71, and trading at six-year lows.

Down 27.4% since the start of the year, the underperforming stock is fresh off three-straight weeks of losses. Over the last two weeks, short interest has fallen 25.7%. The share failed to capitalize on this short covering, however, pointing to underlying technical weakness.

Call traders appear to be buying in on the dip. So far today, 62,000 calls and 30,000 puts have been exchanged, which is double the options volume typically seen at this point. The weekly 10/27 53- and 54-strike calls are the most popular, with new positions being bought to open at both.

Follow @Schaeffers

Are You Ready for AI's Potential Supercycle Phase?
Amazon's Jeff Bezos surprised investors when he revealed that one emerging technology is the key to Amazon's future success... This technology could be worth $80 trillion by 2030. Learn more and join Motley Fool's Stock Advisor for 50% off!

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.