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Benzinga
Benzinga
Business
Adam Eckert

PayPal Stock Is Approaching 52-Week Lows: What's Going On?

PayPal Holdings Inc (NASDAQ:PYPL) shares are trading lower Wednesday alongside several stocks in the broader technology sector amid weakness in tech giant Netflix Inc (NASDAQ:NFLX). 

Netflix reported an unexpected decline in its subscriber base during the first quarter and guided for another subscriber loss in the second quarter. The stock was down more than 35% at publication time.

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