Shares of financial-technology (fintech) pioneer PayPal (NASDAQ: PYPL) dropped 13.8% in 2023, according to data provided by S&P Global Market Intelligence. And late in the year, the stock was even down as much as 29% before rallying slightly during the last couple of months.

Looking at the full-year chart is helpful in identifying the defining moments of 2023 for PayPal. As seen below, the stock had outsized drops in February, May, and August, which coincides with releasing quarterly financial results.

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Source Fool.com