It's been a rough year for shareholders of digital payments leader PayPal Holdings (NASDAQ: PYPL). At Wednesday's close, PayPal's stock price was down 18% in 2021, but investors have weathered a 38% decline since the stock peaked in July.
And it's not like technology stocks or financial stocks -- the two sectors this fintech straddles -- are having bad years, generally speaking. Each sector is up roughly 30% this year, compared to a nearly 24% gain for the S&P 500. But payments companies like PayPal are struggling.
So why is PayPal down, and what does this mean for investors?
Source Fool.com