PayPal (PYPL): Moving Too Slowly On Key Strategic Initiatives

PayPal (PYPL) has been downgraded to equal weight from overweight at Morgan Stanley. The analyst notes that product evolution and progress on key strategic imperatives are key to supporting faster e-commerce growth. They believe the company is moving too slowly on key strategic initiatives, and that acceleration is difficult given the range of relationship interests PayPal manages. Alex Coffey discusses this, and Rick Ducat goes over important technical trends to watch in the PayPal chart. Tune in to find out more about the stock market today.