Cramer Says PayPal Could Reach $50, The Edge Says Different

Cramer Says PayPal Could Reach $50, The Edge Says Different By Rebecca Borison, Reporter at TheStreet: PayPal has finally severed its ties with eBay (EBAY), and is now trading as an independent company on the NASDAQ. Each eBay shareholder received one share of PayPal common stock per eBay share. Shares are now trading around $40, above the “when-issued” price of $38 a share. When-issued trading began on July 6, valuing PayPal at around $47 billion. At current prices, PayPal is valued at $50.5 billion. “I think Paypal could easily trade to $50 based on the 2016 earnings estimates I saw today,” said...