The past few weeks haven’t been kind to high-growth companies. This includes fintech, in which many of the industry leaders are suffering from some pretty significant declines. Case in point, Lightspeed (LSPD) and Nuvei (NVEI) have both been targeted by short sellers and their stocks are down by over 50% from 52-week highs. The impacts are having ripple effects across the industry and even the blue chips are seeing notable declines as retail investors get spooked. A good example of this is Paypal (NASDAQ: PYPL) which has lost 3.8% over the past month and is now trading at a 41% discount to 52-week highs.
https://www.tipranks.com/news/article/paypal-weakness-is-an-opportunity?utm_source=advfn.com&utm_medium=referral
PayPal (NASDAQ:PYPL)
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PayPal (NASDAQ:PYPL)
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From Jul 2021 to Jul 2022 Click Here for more PayPal Charts.