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Wajeeh Khan

PayPal Shares Are Sliding Despite Earnings Beat. Here's Why.

PayPal PYPL Enrique Lores Apple

Investors are bailing on PayPal (PYPL) shares on May 5, even though the fintech posted better-than-expected financials for its first quarter. 

The post-earnings selloff saw PYPL slip below its major moving averages (20-day, 50-day, 100-day) — a technical breakdown that signals bears have taken control across multiple timeframes. 

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