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What to Expect from PayPal Stock After Spin-Off (Nasdaq: PYPL)
PayPal stock will hit the market tomorrow (Friday, July 17) as parent company eBay Inc. (Nasdaq: EBAY) spins off the digital payment portion of its business.
PayPal will trade under the ticker "PYPL" on the Nasdaq. EBay officials first announced the PayPal spin-off in September 2014, but the board didn't formally approve the deal until late June.
Here's what investors can expect from PayPal stock when it hits the market...
PayPal stock will hit the market tomorrow (Friday, July 17) as parent company eBay Inc. (Nasdaq: EBAY) spins off the digital payment portion of its business.
PayPal will trade under the ticker "PYPL" on the Nasdaq. EBay officials first announced the PayPal spin-off in September 2014, but the board didn't formally approve the deal until late June.
Here's what investors can expect from PayPal stock when it hits the market...