Shares of PayPal Holdings Inc. PYPL, -3.68% shed 3.68% to $58.62 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.64% falling 1.64% to 4,330.00 and Dow Jones Industrial Average DJIA, -1.08% falling 1.08% to 34,070.42.
This was the stock’s fifth consecutive day of losses.
PayPal Holdings Inc. closed $36.95 below its 52-week high ($95.57), which the company achieved on October 6th.
The stock underperformed when compared to some of its competitors Thursday, as Apple Inc. AAPL, -0.89% fell 0.89% to $173.93, Alphabet Inc. Cl C GOOG, -2.40% fell 2.40% to $131.36, and Alphabet Inc. Cl A GOOGL, -2.47% fell 2.47% to $130.44.
Trading volume (15.1 M) remained 559,593 below its 50-day average volume of 15.6 M.