One of the most well-known internet acquisitions of 2002 was when eBay Inc (NASDAQ: EBAY) announced it was acquiring PayPal Holdings Inc (NASDAQ: PYPL).
Despite inflationary pressures and the possibility of a Fed interest rate hike in the offing, growth stocks have continued the momentum gained in 2020.
All three major indices recorded double-digit gains in the first half of 2021. The Dow, S&P 500 and Nasdaq added 12.7%, 14.4% and 12.5%, respectively, in the first six months of the year.
Shares of PayPal Holdings (NASDAQ:PYPL) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved up to $275.21.
Payments mobile application Venmo — owned by fintech giant PayPal Holdings Inc. (NASDAQ: PYPL) — now allows users to automatically buy cryptocurrency using their cash back.
Ethereum (CRYPTO: ETH) saw another major price uptick reaching levels not seen since the month of its all-time high following a positive change in its fundamentals which attracted investments.
Ethereum (CRYPTO: ETH) continues its astronomical rise as favorable fundamentals motivate buyers to pile up and drive demand for the coin, overtaking major publicly traded firms as proponents talk about it potentially overtaking top cryptocurrency Bitcoin (CRYPTO: BTC).
On CNBC's "Fast Money Halftime Report," Joe Terranova advised a viewer to hold on to Paypal Holdings Inc (NASDAQ: PYPL). He wants to wait and see if earnings are going to recover.