PayPal stock (PYPL) steadies premarket after CEO shake-up and weak 2026 profit outlook
PayPal shares held at $41.70 in premarket Wednesday after plunging 20% Tuesday, their lowest since 2017. The board named HP’s Enrique Lores as CEO, effective March 1, as the company cut its 2026 profit outlook and reported slowing growth in its key branded checkout segment. CFO Jamie Miller remains interim CEO.