PayPal Faithful Hope New CEO Can End Stock Freefall
- Third quarter earnings is first report under new CEO Chriss
- PayPal shares have fallen 83% from a record achieved in 2021
Source: PayPal Holdings Inc.
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Investors still harboring bullish hopes for PayPal Holdings Inc. are looking for a catalyst in the firm’s first earnings report under its new CEO on Wednesday afternoon.
Alex Chriss is tasked with arresting a slump in which the e commerce firm’s stock has fallen 28% this year, putting it on course for its third-straight annual drop. The decline has puzzled bulls who see value in the firm’s long-term potential as a payments leader.