However, this positive trend was short-lived. Its stock saw a significant increase of 113% as more people turned to digital avenues for their shopping needs. The lockdown period led to a surge in online shopping as physical stores became inaccessible, and PayPal benefited greatly from this shift in lifestyle. While many businesses and stocks struggled during the global pandemic, PayPal was able to thrive. This decline effectively erased the gains made over several years, bringing the stock price back to its October 2017 level. The value of the stock dropped by a staggering 78%, falling from $310 to $67.

PayPal's stock experienced a significant decline between July 2021 and June 2022. Once a powerful presence in the stock market, the company's ongoing struggle with dropping stock prices raises significant concerns about its ability to bounce back.

PayPal Holdings Inc PYPL, the renowned digital payment leader, known for its effortless online transactions, is facing a concerning decline in its stock value. Adding to investor apprehensions, PayPal, in cooperation with The Financial Conduct Authority (FCA), has paused cryptocurrency purchases for UK users from October 1st, 2023, until early 2024, a move that might induce more fluctuations in its stock price.

Recent market activity has pushed PayPal's stock downwards, now hovering around the August 2017 level at $58, dangerously close to the crucial $50 psychological support.

Paypal stock price in 10 years