Stock News Alert: PayPal Holdings (NASDAQ:PYPL)

PayPal Holdings (NASDAQ:PYPL) stock observed trading -12.64% off 52-week high price. On the other end, the stock has been noted 42.14% away from low price over the last 52-weeks. The stock disclosed a move of -3.78% away from 50 day moving average and 2.75% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.22% off 20-day moving average. It has market cap of $124984.96M.

On Sept. 19, 2019, PayPal Holdings (NASDAQ:PYPL) declared that it has priced its offering of $5.0 billion aggregate principal amount of senior notes, consisting of $1.0 billion aggregate principal amount of 2.200% notes due 2022, $1.25 billion aggregate principal amount of 2.400% notes due 2024, $1.25 billion aggregate principal amount of 2.650% notes due 2026 and $1.5 billion aggregate principal amount of 2.850% notes due 2029. The offering is expected to close September 26, 2019, subject to customary closing conditions.

PayPal estimates that the net proceeds from the offering will be approximately $4.97 billion, before deducting offering expenses. PayPal intends to use a portion of the net proceeds from the offering to repay outstanding borrowings under its 364-day term loan credit facility and the remainder for general corporate purposes, which may include funding the repayment or redemption of outstanding debt, share repurchases, ongoing operations, capital expenditures and possible acquisitions of businesses or assets and strategic investments. As of June 30, 2019, $2.5 billion was outstanding under PayPal’s 364-day term loan credit facility at a weighted average interest rate of 3.47%.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BNP Paribas Securities Corp., BofA Securities, HSBC Securities (USA) Inc. and MUFG Securities Americas Inc. are acting as joint book-running managers of the offering.

 The USA based company PayPal Holdings moved with change of 0.49% to $106.12 with the total traded volume of 5017091 shares in recent session versus to an average volume of 6631.83K. The stock was observed in the 5 days activity at -0.92%. The one month performance of stock was -1.16%. PYPL’s shares are at -10.67% for the quarter and driving a 18.28% return over the course of the past year and is now at 26.20% since this point in 2018.  Right now the stock beta is 0.96. The average volatility for the week and month was at 2.09% and 2.33% respectively. There are 1177.77M shares outstanding and 1117.02M shares are floated in market.

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