David Einhorn's PayPal Bet Just Flashed a Golden Cross
benzinga_article·
- PayPal Holdings Inc. formed a Golden Cross technical pattern as its 50-day moving average rose above its 200-day moving average.
- This technical development follows Greenlight Capital manager David Einhorn's disclosure of a new Q 2 position involving approximately 1.4 million shares valued at $61.5 million.
- The combination of a fundamental value investment and a bullish technical signal highlights growing momentum in PayPal's ongoing turnaround.
