PayPal Holdings Inc (PYPL)

PayPal's (PYPL) shares dropped 6.01% today, declining from $63.27 to $59.47, following the revelation of a new CEO. In February, CEO Dan Schulman had announced his upcoming retirement by year-end. On Monday, the company unveiled that Alex Chris, the Executive Vice President of Intuit's Small Business and Self-employed Group, will assume the role starting in September.

https://finance.yahoo.com/video/paypal-succession-biggest-challenges-ceo-162405960.html

PayPal's shares plunged by 12.32%, from $73.20 to $64.10. This decline was due to mixed Q2 results, with revenue and earnings meeting expectations. Despite positive growth in payment volume, ongoing declines in new accounts and uncertain guidance raised investor concerns. However, for patient investors, PayPal's historically low valuation at just 2 times next year's sales presents a buying opportunity.

https://www.fool.com/investing/2023/08/03/why-paypal-stock-crashed-and-burned-thursday-morni/

PayPal's stock was negatively impacted because Wall Street was not impressed with the magnitude of the company's raised 2023 outlook. Instead, investors were more concerned about the company's apprehensions regarding the challenging operating environment that lies ahead.

https://www.fool.com/investing/2023/05/09/why-paypal-stock-is-down-today/