Why PayPal Holdings Is Up 48% This Year
Shares of PayPal Holdings (NASDAQ: PYPL) have climbed 48% this year, according to data provided by S&P Global Market Intelligence, after the company beat analysts' estimates for its first quarter and on news of new partnerships, including one with Apple (NASDAQ: AAPL).
PayPal's stock price was relatively flat for the first few months of the year, until the company reported its first-quarter 2017 results at the end of April. The company managed to grow revenue by 17%, to $2.98 billion, and boost total payment volume by 23%, to $99 billion.
Image source: PayPal Holdings.
Source: Fool.com