PayPal Holdings Inc. (NASDAQ:PYPL) has added another milestone to its recent comeback. The payments giant has formed a Golden Cross —a widely followed technical pattern that occurs when a stock's 50-day moving average rises above its 200-day moving average.
PayPal and Venmo tuition payments are launching at five major universities, but critics warn the digital wallets lack the security of traditional methods.
PayPal is reportedly back in takeover talks with Stripe and Advent, with expectations for an improved acquisition offer. PYPL's scale—439M accounts, $1.8T+ TPV, and strong free cash flow—supports a higher valuation than the prior $60.50/share takeover bid. Stripe's rapid TPV growth (~34% YoY) contrasts with PYPL's slower pace, but PYPL remains a cash-generative fintech leader and offers a massive, complementary customer-oriented account portfolio.
Jim Cramer used a recent CNBC Stop Trading segment to push back against what he sees as reflexive analyst enthusiasm for a narrow group of fintech names.
PayPal is introducing new ways for students to make tuition payments through its platforms, according to a Wednesday (Aug. 19) press release provided to PYMNTS. There are integrations with three education payment platforms, including Illumia, Nelnet Campus Commerce and TouchNet, the release said.