Huge News for PayPal Stock Investors

By Parkev Tatevosian, CFA – Feb 5, 2024 at 9:31AM

NASDAQ: PYPL

PayPal

Market Cap

$69B

Today's Change

(2.90%) $1.86

Current Price

$65.96

Price as of April 26, 2024, 4:00 p.m. ET

PayPal is on my list of top stocks to buy, and this move makes it even more attractive.

Fool.com contributor Parkev Tatevosian discusses why this cost-cutting move by PayPal (PYPL 2.90%) management is a good decision for shareholders.

*Stock prices used were the afternoon prices of Feb. 2, 2024. The video was published on Feb. 4, 2024.

Parkev Tatevosian, CFA has positions in PayPal. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends the following options: short March 2024 $67.50 calls on PayPal. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.