In a recent announcement, PayPal Holdingsrevealed that it would be selling its $5.8 billion-worth U.S. credit portfolio to Synchrony Financial. Additionally, the online payment company recently raised its current-quarter revenue and profit estimates, driving the recent trades of PayPal to record highs.

As mentioned above, Shares of PayPal reached its new high of $76.68 to 4.43% last week. Synchrony on the other hand had its shares at the level of $33.86 which was a 4.1% increase as well.