PYPL
A little chart magic, a little Einhorn magic
PayPal is having one of those moments where both the quants and the old-school value crowd can nod at the same time. The stock just formed a Golden Cross — when the 50-day moving average climbs above the 200-day — a signal traders love to treat like a neon sign that momentum might be turning.
Then Einhorn showed up
That chart move lands just weeks after David Einhorn disclosed a new PayPal position in Greenlight Capital’s latest 13F filing. According to the filing, the fund bought roughly 1.4 million shares worth about $61.5 million at quarter-end. Not exactly pocket change, even for a billionaire with a taste for contrarian bets.
Why investors care
On its own, a golden cross is just a pattern. On its own, a hedge fund filing is just a snapshot in time. Put them together, though, and you get a cleaner narrative: PayPal’s recovery is starting to look less like a one-week bounce and more like a real rebuilding job.
- The chart says momentum is improving.
- The 13F says a prominent investor thinks there’s still upside.
- The combo keeps PYPL firmly on the watchlist, especially if the stock can keep holding above those key moving averages.
Big picture: PayPal still has to prove the turnaround is real, but for once the market’s mood music is sounding a little less gloomy and a little more constructive.