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Why PayPal Stock Dropped Today

TheMotleyFool

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Shares of PayPal (NASDAQ: PYPL) dropped by as much as 7% Wednesday despite bullish sentiment from Wall Street. The market is selling off aggressively, and the tech sector is faring worse than others. As of 3:46 p.m. EST, the stock was down by 4.8%, while the S&P 500 was off by 2.8%.

Three Wall Street firms put out research notes on PayPal Wednesday morning:

Those targets all represent considerable upsides from Tuesday's closing share price of $241.

Source Fool.com

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