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PayPal Holdings, Inc. (PYPL)
204.11 +0.18 (0.09%)
After hours: 7:59PM EDT
| Previous close | 213.07 |
| Open | 211.90 |
| Bid | 204.16 x 1000 |
| Ask | 205.00 x 800 |
| Day's range | 202.14 - 212.34 |
| 52-week range | 82.07 - 215.83 |
| Volume | 11,886,430 |
| Avg. volume | 8,027,052 |
| Market cap | 239.271B |
| Beta (5Y monthly) | 1.11 |
| PE ratio (TTM) | 93.59 |
| EPS (TTM) | 2.18 |
| Earnings date | 02 Nov 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 220.20 |
- Reuters
Analysis: Is PayPal's crypto move a game-changer for bitcoin? Probably not, say experts
PayPal Holdings Inc's decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment. PayPal's decision could, however, help the company attract new users in an increasingly competitive digital payments landscape where innovation is king, the experts said. It is also likely to prepare the company for the advent of mainstream digital coins, like those that could be developed by central banks, they added.
- Reuters
Is PayPal's crypto move a game-changer for bitcoin? Probably not, say experts
PayPal Holdings Inc's <PYPL.O> decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment. PayPal's decision could, however, help the company attract new users in an increasingly competitive digital payments landscape where innovation is king, the experts said. It is also likely to prepare the company for the advent of mainstream digital coins, like those that could be developed by central banks, they added.
- Bloomberg
Bitcoin Reaches Overbought Territory After Piercing $13,000 Mark
(Bloomberg) -- Bitcoin appears to be a bit overheated.After surging past $13,000 on Wednesday for the first time in more than 14 months, price charts followed by technical analysts suggest the largest cryptocurrency may be due for a pause in the wake of the exuberance triggered by the announcement that PayPal Holdings Inc. will let customers use cryptocurrencies.The rally pushed Bitcoin’s 14-day Relative Strength Index (RSI) reading to 80, a level that chartists consider overbought. Additionally, Bitcoin is well above the upper limit of a trading range that would normally trigger a reversion to the mean, which may indicate the digital coin needs to pause before continuing to advance.Bitcoin gained as much as 3% to $13,241 during Asian trading hours, before retreating back below $13,000 in New York on Thursday. It has surged about 20% this month.The trend is keeping advocates bullish even with the muted gains on Thursday.“Something unanticipated needs to occur to trip up advancing Bitcoin, as we see it, yet the crypto may need a new catalyst to sustain above $14,000, wrote Mike McGlone, a commodity strategist with Bloomberg Intelligence. “Absent a reversal in key metrics showing increasing demand and adoption, breaching resistance should be a matter of time.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
