Why PayPal Stock Rallied on Monday
Shares of PayPal (NASDAQ: PYPL) were decidedly positive on Monday, jumping as much as 4%. By the time the market closed, the stock was still up 3.3%.
When the fintech pioneer reported its third-quarter results Friday, investors didn't like what they saw. On further reflection, however, shareholders decided things weren't all that bad. A couple of well-placed words from analysts didn't hurt either.
In the wake of PayPal's financial results, two of Wall Street's finest weighed in on the quarter, and their takes were surprisingly bullish.
Source Fool.com
