PayPal shares have dropped sharply

10.11.2021

Shares of the international payment system PayPal plummeted by 12.2 percent, from 229.42 to 201.5 dollars per share, during trading on the exchange on November 9. As a result of the main trading session, the securities slightly corrected, having risen in price to $205.42.

The reason for the fall was the publication of the forecast for the next year. The company announced disappointing sales estimates for fear of lower consumer spending.