PayPal Stock Slides 14% After Earnings as Executives Cash Out Shares
PayPal Holdings Inc. shares tumbled 14% following third-quarter earnings, extending their year-to-date decline to 26%. The drop contrasts sharply with the S&P 500's 14% gain during the same period, highlighting the fintech's waning appeal among investors.
Insider selling has compounded the pressure. Regulatory filings reveal multiple executives liquidating positions, including Chief Accounting Officer Chris Natali, who sold his entire direct stake, and Global Markets President Suzan Kereere, who offloaded $860,900 worth of shares. These transactions occurred as the stock continued its post-earnings slide.
The sell-off reflects broader skepticism toward traditional payment processors as cryptocurrency and blockchain solutions gain traction. While no digital assets were directly mentioned in PayPal's disclosures, the contrast between legacy fintech struggles and crypto's resilience remains striking.
