PayPal Holdings (PYPL) stock looks set to close in the red in 2023, which would mark the stock's third consecutive year of losses. The fintech company’s shares had previously fallen 62% in 2022, notching its worst yearly performance since its 2015 split with eBay (EBAY).
Prior to that, 2021 was no better, as PayPal lost almost a fifth of its market cap in the year. Investors can take little heart from the fact that the 2023 drawdown in PayPal shares was the shallowest that we have seen in the last three years, and the stock rebounded from multi-year lows that it hit during the year.
