the main reason it is falling down... ITS BECAUSE OF THE CONVERTIBLE NOTES!! Paypal add bit of salts to the wound...
and yes The fund providing the convertible notes will get the share price to the lowest they can, TO GET THE MAXIMUM NUMBER OF SHARES@!
here is some notes on how convertible notes work!
https://www.investopedia.com/terms/d/deathspiral.asp
PayPal enters BNPL sector, page-194
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Last
$1.76 |
Change
-0.060(3.30%) |
Mkt cap ! $1.982B | |||
| Open | High | Low | Value | Volume |
| $1.83 | $1.83 | $1.74 | $38.58M | 21.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 168767 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 292404 | 4 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |