PayPal Traders Bet Stock Will Jump 7% in One Month
August 17, 2018 / Michael Kramer
Some options traders are betting shares of PayPal, Inc. rise by over 7% over the next few weeks. The stock is already up well over 16% in 2018, better than the S&P 500's rise of just 6%. Analysts see the payment processor’s stock rising too, by as much as 13% in the coming months. Forecasts are calling for strong earnings and revenue growth for the company over the next three years. Additionally, in what may be another bullish vote of confidence, it was unveiled in late July, that investor Daniel Loeb's hedge fund Third Point took a stake in the company.