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Stock impact report

Venmo Stash Rewards Expansion Tests PayPal's Branded Payments Recovery Narrative [Yahoo! Finance]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
Company Research Source: Yahoo! Finance
Venmo, owned by PayPal Holdings, expanded its Stash rewards program, offering up to 5% cash back at a wider set of retailers. The program now spans major lifestyle and food brands, including Sephora, Ulta, Taco Bell, and Pizza Hut. The move aims to increase adoption of Venmo branded payments at checkout across more everyday spending categories. For PayPal Holdings (NasdaqGS:PYPL), Venmo's Stash expansion lands at a time when the share price sits around $49.81 and recent returns have been mixed. The stock is up 8.3% over the past week and 8.0% over the past month, while the year to date return stands at a 14.3% decline and the 1 year return shows a 17.9% decline. Over 3 and 5 years, returns of 31.9% and 80.9% declines highlight the extent to which sentiment around the stock has already reset. Venmo's push deeper into rewards and everyday checkout gives investors another data point to watch ahead of the next earnings update, especially as debit card use and checkout volume cont Show less Read more
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