PayPal Stock Slumps Amid Increasing Competition—Important Technical Levels to Monitor

Key TakeawaysShares in the digital payments company tumbled after Mizuho downgraded the company’s stock to “neutral” from “buy”, citing concerns over increasing competition in the payments space.Analysts says the company’s market share could face challenges from newer payment methods that resonate with younger cohorts.PayPal shares have oscillated within a descending channel over the past twelve months, with the pattern's top trendline providing resistance in recent weeks.Here is a look at a chart tied to P ...