PayPal stock at all-time high after payments surge during coronavirus lockdowns

PayPal stock at all-time high after payments surge during coronavirus lockdowns


PayPal stock reached fresh all-time highs just one day after the company boasted new records for daily transaction volume and monthly user signups. Stock in the San Jose fintech giant jumped more than 13% on Thursday’s market open, briefly hitting $146.90 per share. [Read: Reddit’s greediest traders debate shorting Tesla ahead of Musk’s Joe Rogan interview] $PYPL set its previous price record of $123.91 was set on February 19’s close. PayPal sees more volume, but way less profit Despite attracting 7.4 million new accounts last quarter, PayPal proved its not immune to the effects of the coronavirus (COVID-19) pandemic by falling short…

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