PayPal Stock Edges Lower Tuesday: What's Driving The Action?

PayPal Holdings stock is under selling pressure. What’s pulling PYPL shares down?Takeover Interest Follows Leadership ShakeupPayPal has drawn takeover interest after its shares lost more than 40% over the past year, prompting discussions with banks about potential bids from competitors. PayPal stock traded higher on Monday on reports about a potential deal, but it’s giving back some of the gains on Tuesday. The company recently appointed HP Inc CEO Enrique Lores as its new CEO, effective March 1, after a su ...