Shares of PayPal Holdings slipped 1.6% to $41.03 in after-hours trading Wednesday, following a steep selloff sparked by an unexpected CEO departure and a weaker profit forecast for 2026. During the session, the stock fluctuated between $39.97 and $42.47.
PayPal shares dropped roughly 3% to $40.40 in midday trading Wednesday, deepening a steep selloff after the company warned of weaker profit forecasts and announced a CEO transition.
PayPal Holdings shares hovered near $41.70 in early trading Wednesday, holding steady after tumbling sharply the day before. The stock ended Tuesday at $41.70, down 20.31%, marking its lowest point since early 2017.
Shares of PayPal dropped 20.7% to $41.70 in after-hours trading Tuesday, deepening the steep decline sparked by a leadership change and a gloomy profit forecast for 2026.
U.S. stocks fell on Tuesday as investors worried that artificial intelligence would create new rivals for software makers and squeeze margins. The S&P 500 fell 1.46% and the Nasdaq dropped 2.17%, with Nvidia, Microsoft, Alphabet and Amazon sliding ahead of earnings from Alphabet on Wednesday and Amazon on Thursday. Art Hogan at B. Riley Wealth said some software names “may well be disrupted by AI,” while John Campbell of Allspring Global Investments said the market had “expectations … really high.”
PayPal Holdings shares plunged in afternoon trading Tuesday following the company’s announcement of a 2026 profit forecast that’s expected to be flat or slightly lower. The payments giant also revealed a new CEO, rattling investor confidence.
The Dow Jones Industrial Average dropped 429.92 points, or 0.87%, to close at 48,977.74 on Tuesday afternoon. The S&P 500 fell 1.04%, and the Nasdaq Composite was down 1.68%.
Shares of PayPal dropped roughly 18% to $42.97 in early Tuesday trading, following investor sell-off triggered by a CEO switch and a gloomy earnings outlook for 2026.
The Dow Jones Industrial Average climbed 0.32%, reaching 49,564.69 in early Tuesday trading. The S&P 500 slipped 0.02%, and the Nasdaq Composite dropped 0.22%.
PayPal announced it will replace CEO Alex Chriss with Enrique Lores, currently leading HP Inc., following a gloomy profit forecast that sent shares tumbling in premarket action. Jamie Miller steps in as interim CEO, while David W. Dorman takes over as independent board chair, the company said. https://www.bloomberg.com/news/articles/2026-02-03/paypal-names-hp-s-enrique-lores-to-replace-ceo-alex-chriss
PayPal on Tuesday chose Enrique Lores as its next CEO, following a profit forecast for 2026 that came in below expectations. The announcement knocked the stock down nearly 16% in premarket trading. The payments giant also posted holiday-quarter results that missed Wall Street estimates and revealed that growth in its higher-margin “branded checkout” button on merchant sites slowed to just 1%. This raised new concerns about competition from Apple, Google, and other rivals.
Shares of PayPal Holdings Inc ticked up 2.8% to $53.80 in early trading Tuesday, as investors geared up for the company’s upcoming quarterly report. The stock ended Monday down 0.7% at $52.33, having fluctuated between $52.06 and $82.69 over the past year.
Shares of PayPal Holdings, Inc. slipped 0.7% to end Monday at $52.33 as investors positioned themselves ahead of the digital payments firm’s quarterly earnings report set for release before Tuesday’s market open.
World Liberty Financial’s stablecoin USD1, pegged to the U.S. dollar, surpassed PayPal’s PYUSD in market value, according to CoinMarketCap. As of early Jan. 24, USD1 was valued around $4.55 billion, edging out PYUSD’s $3.76 billion. On the site, USD1 holds the 27th spot by market capitalization, just one position above PYUSD.
Wedgewood Partners cut back its stake in PayPal during the fourth quarter, citing a slowdown in transaction volumes late in the period and increased spending that might weigh on profit growth. PayPal shares slipped roughly 2.3%, while Alphabet dropped about 1.7% in morning trading Tuesday.