Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

PayPal launched its PayPal Complete Payments platform in China, saying the solution will streamline payment and receivables processes for businesses of all sizes and support their cross-border transactions.Chinese businesses can use the platform to build trust with their customers and offer a variety of payment options, the company said in a Thursday (Sept. 26) press release.“This launch marks a significant milestone in PayPal’s mission to revolutionize commerce globally, bridging Chinese businesses with co ...

PayPal Holdings now enables U.S. merchants — except those in New York State — to buy, hold and sell cryptocurrency directly from their PayPal business accounts.The company also now enables PayPal business account holders to send and receive supported cryptocurrency tokens to and from external blockchain accounts, PayPal Holdings said in a Wednesday (Sept. 25) press release.The addition of these capabilities for business account holders follows the 2020 announcement that consumers could buy, hold and sell cr ...

Company also provides the ability for business accounts to externally transfer cryptocurrency SAN JOSE, Calif., Sept. 25, 2024 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) announced it is enabling its U.S. merchants to buy, hold and sell cryptocurrency directly from their PayPal business account. At launch, this functionality for Business Accounts will not be available in New York State. Today's announcement is PayPal's latest step to increase cryptocurrency's utility by making increased functionali ...

There aren’t many deals to consider for further value in the technology sector. However, one stock is looking to change that narrative by delivering on previous promises. Shares of PayPal Holdings Inc. NASDAQ: PYPL have recently made a new 52-week high, now trading near $80 a share for the first time since the first quarter of 2023. The issue becomes whether they can sustain this new price or even reach a higher valuation.PayPal TodayPYPLPayPal$78.34 +0.67 (+0.86%) 52-Week Range$50.25▼$78.83P/E Ratio19.73Pr ...

It's gaining momentum, and now might be the right time to buy.PayPal Holdings (PYPL 0.86%) might turn out to be one of the year's best turnaround stories. It started the year on a positive note, with a new CEO and trajectory, and so far PayPal stock is up 25% year to date.Let's see if that's likely to continue, and where PayPal might be at this time next year.Platform: ImprovingNew CEO Alex Chriss has a vision to transform PayPal from what he calls a "series of products and services" into a unified, complet ...

In the latest trading session, Paypal (PYPL) closed at $78.34, marking a +0.86% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.25% for the day. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.56%.Coming into today, shares of the technology platform and digital payments company had gained 7.82% in the past month. In that same time, the Computer and Technology sector lost 0.11%, while the S&P 500 gained 1.65%.Market participants will be closel ...

Core Insights - PayPal Ventures has made an additional investment in Chaos Labs, a blockchain risk management company, reflecting confidence in their vision for a safer crypto ecosystem [1] - Chaos Labs recently completed a $55 million Series A funding round, with participation from various investors including PayPal Ventures [2] - The investment will be made in PayPal's stablecoin, PYUSD, which is designed to enhance payment opportunities and is fully backed by U.S. dollar deposits and equivalents [3] Group 1 - PayPal Ventures' investment aims to support Chaos Labs in launching innovative products like Edge, which addresses oracle vulnerabilities in DeFi applications [1] - Chaos Labs' CEO highlighted that Edge provides contextualized risk and price data for various assets, including stablecoins and real-world assets [2] - The company was founded to secure DeFi protocols against economic vulnerabilities and market manipulation [2] Group 2 - PYUSD, introduced by PayPal in August 2023, is a U.S. dollar-pegged stablecoin that is 100% backed by U.S. dollar deposits and short-term Treasuries [3] - The stablecoin is available on the Solana blockchain, enhancing its speed and cost-effectiveness for users [3]

Lower interest rates can do wonders for financial technology companies (Fintech) which strive to improve and automate financial services.In an ever-evolving technological landscape and business environment, several popular fintech stocks are standing out and should benefit as the Fed decided to cut the central bank's benchmark rate by 50 basis points today.PayPal’s Resurgence: Payment Solutions LeaderSporting a Zacks Rank #1 (Strong Buy), PayPal’s (PYPL)  steady growth trajectory has become more believable ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The content in this article is for informational, educational, and entertainment purposes only. This ...