Why PayPal Stock Was Surging This Week

Investors liked what they heard about two new company initiatives.Investors have been extremely willing to pay for PayPal (PYPL -0.49%) stock over the past few trading days. They were cheered by the announcement of not one, but two initiatives that, if managed well, will sharpen the company's competitive edge. This helped push its stock up by over 9% week to date as of Thursday night, according to data compiled by S&P Global Market Intelligence.Buy now, profit laterThe first initiative was made public on Mo ...