PayPal (PYPL) – Get Report shares wavered on Thursday after analysts reacted positively to the financial-services titan’s stronger-than-expected earnings for the first quarter.
The San Jose, Calif., company reported what it said was the strongest first quarter in its 23-year history, with net income leaping on 31% higher revenue and net new active accounts rising by 14.5 million.
The stock has wavered in Thursday trading. It recently traded at $246.29, off 0.4%. It has also traded up as much as 3.6% at $256.31. It has slid 7% in the past three months as investors were concerned about its valuation.
