Here's Why PayPal Stock Fell 18% in June

·3 min read
Here's Why PayPal Stock Fell 18% in June

Shares of PayPal Holdings (NASDAQ: PYPL) fell 18% in June, according to data provided by S&P Global Market Intelligence. The stock's movements completely correlated with the moves of other financial-technology (fintech) stocks during the month, showing that investors aren't interested in stocks like PayPal right now. For the fintech sector, you could look at The Global X FinTech ETF (NASDAQ: FINX), in which PayPal stock has a nearly 6% allocation.

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