Why Shares of PayPal Climbed 12.4% in June
Shares of PayPal (NASDAQ: PYPL) rose 12.4% in June, according to data provided by S&P Global Market Intelligence. PayPal's shares have already gone up 57.3% year to date, and have been hitting new all-time highs this year. On the operational front, a record 10 million net new active accounts were added in the first quarter, while 7.4 million were added in April alone, representing a 135% year-over-year jump.