Why PayPal, Datadog, Shopify, and Activision Stock Took a Dive on Monday

By Jose Najarro – Feb 7, 2023 at 6:15AM

NASDAQ: PYPL

PayPal

Market Cap

$65B

Today's Change

(-2.98%) -$1.91

Current Price

$62.19

Price as of May 22, 2024, 4:00 p.m. ET

Numerous downgrades are driving stocks down, but should long-term investors worry?

Today's video focuses on PayPal (PYPL -2.98%), Datadog (DDOG 0.34%), Activision Blizzard (ATVI), Shopify (SHOP 2.95%), and recent news affecting stock prices from downgrades to an increased risk impacting a huge acquisition. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of Feb. 6, 2023. The video was published on Feb. 6, 2023.

Jose Najarro has positions in Datadog, PayPal, and Shopify. The Motley Fool has positions in and recommends Activision Blizzard, Datadog, PayPal, and Shopify. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.