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Why PayPal Stock Was Up 13% in July

TheMotleyFool

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Shares of PayPal Holdings (NASDAQ: PYPL) rose 12.5% in July, according to data provided by S&P Global Market Intelligence. Former parent company eBay fully separated from the payments giant during the month, but this didn't keep PayPal from reporting strong earnings for the second quarter of 2020 on July 29.

After Q2 earnings, PayPal stock surged to all-time highs. And so far in August, it has kept creeping higher. Shares are up almost 90% in 2020.