PayPal shares plummet 12.2 percent after the publication of the report
PayPal shares plummet 12.2 percent – from 229 , 42 to 201.5 dollars apiece – during trading on the Nasdaq exchange on November 9. As a result of the main trading session, the paper slightly corrected, having risen in price to $ 205.42.
The reason for the fall was the publication of the forecast for the next year, writes CNBC. The company announced disappointing sales estimates for fear of lower consumer spending.