Buyout Chatter Lifts PYPL Stock Following Executive Shakeup

Key Takeaways PayPal shares rose 5.8% amid reports of a potential bid from a strategic or PE buyer.Enrique Lores was named CEO in February, replacing Alex Chriss.PYPL had posted $8.68B revenue in the last quarter, up 3.7%, but missed estimates; EPS of $1.23 also lagged.Shares of PayPal Holdings, Inc. (PYPL) climbed 5.8% on Feb. 23 as takeover speculation swirled around the digital payments giant, igniting fresh investor enthusiasm. PayPal, which is part of the Zacks Financial Transaction Services industry, ...