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Benzinga
Benzinga
Business
Melanie Schaffer

Beaten Down PayPal Stock Looks Set To Reverse Course: Is The Bottom Finally In?

PayPal Nasdaq

PayPal Holdings, Inc (NASDAQ:PYPL) was falling to a new 52-week low on Tuesday, dropping 1.75% to 119.28 by the afternoon. The move comes after the stock lost over 25% of its value on Feb. 1 due to a bearish reaction to its mixed fourth-quarter earnings print.

The stock has declined about 60% from its July 26, 2021 all-time high of $310.16 and is now trading at its lowest point since May 2020.

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