Pay Pal Splits from ebay

Everybody expected PayPal (NASDAQ:PYPL) to be worth more than eBay following its split with its parent company (NASDAQ:EBAY), but not that much. After a short period of trading on a “when issued” basis, PayPal is now officially an independent company. On its first day of trading, shares opened at $41.63, 8.3 percent above Friday’s last…