PayPal Sees 135M-Share Record Volume and Deepest-Ever Oversold RSI
PayPal shares climbed after trading 135 million shares on February 3, the highest single-day volume since its IPO following an all-time low. Its Relative Strength Index fell to the lowest level on record, drawing aggressive buyers who paid premiums and potentially sparking a technical rebound.
1. Record Single-Day Volume
On February 3, PayPal saw 135 million shares traded, marking the highest single-day volume since its IPO and signaling a capitulation event as frustrated sellers exited positions.
2. RSI Plunges to All-Time Low
The stock’s Relative Strength Index reached its lowest level on record, indicating extreme oversold conditions not seen since listing and often preceding technical reversals.
3. Technical Reversal Dynamics
With sellers largely absent after the heavy sell-off, incoming buyers paid premiums to acquire shares, driving the price higher and suggesting a potential continuation of the rebound.