PayPal Executives Offload Shares Amid Stock Decline Post-Earnings
PayPal Holdings Inc. faces mounting pressure as senior executives liquidate portions of their equity holdings following disappointing Q3 results. The digital payments pioneer has seen its stock plummet 26% year-to-date, with a 14% drop since its October 28 earnings disclosure.
Chief Accounting Officer Chris Natali divested his entire direct stake of 1,374 shares on October 30, netting approximately $95,000. Global Markets President Suzan Kereere followed with two transactions totaling $860,900 on November 3, while Chief Risk Officer Aaron Webster executed three sales worth $615,309 on November 10.
Market commentators remain skeptical about PayPal's turnaround prospects. CNBC's Jim Cramer noted that strong leadership alone hasn't stemmed the bleeding, emphasizing CEO Alex Chriss must deliver tangible financial improvements to restore investor confidence.