PayPal Up On Trading Debut Following EBay Spinoff
PayPal (PYPL) had much to celebrate Monday on its first day of trading, with the stock up and receiving a positive report from JPMorgan. PayPal stock, which began trading on the Nasdaq Monday under the ticker PYPL, was up 7%, near 41, in midday trading on the stock market today. EBay stock was up 3% midday Monday, near 29. “PayPal is unique,” said company CEO Dan Schulman in a PayPal press release. “We have a singular focus on digital payments,