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Benzinga
Benzinga
Business
Henry Khederian

UNCOVERED: Why paypal shares are falling today | History Defined

PayPal PayPal Holdings Inc US Federal Reserve

PayPal Holdings Inc (NASDAQ:PYPL) shares are trading lower by 4.25% at $77.82. Stocks have been highly volatile following the Federal Reserve’s recent 50 basis point rate hike, which has weighed on the Nasdaq heavily.

PayPal is also trading lower by 18.00% over the trailing month as investors digest the latest U.S. inflation data, which came in higher-than-expected. Anticipation of further Fed policy tightening has also continued to weigh on stocks across sectors.

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