PayPal (NASDAQ:PYPL) stock has moved sideways in recent days as investors await the company’s response to the reported Stripe and Advent bid.
The stock has stalled around the $56 level as traders remain focused on the upcoming earnings report for fresh catalysts.
PayPal Stock Eyes Response to Stripe and Advent Bid Stripe and Advent recently made a $53 billion bid for PayPal, which they believe is undervalued and has substantial upside.
Besides, the company has a forward price-to-earnings ratio of 10, lower than the S&P 500 Index’s average of 20.
It is also lower than the five-year average of 18.
