PayPal stock crashes

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.

Comments

comments