PayPal shares rose 1.79% to $41.54 following the appointment of former HP executive Enrique Lores as CEO to lead the company’s recovery.
- Enrique Lores succeeds Alex Chriss as CEO, a transition aimed at addressing recent weak financial performance and driving new growth initiatives.
- A class action lawsuit has been filed by Bronstein, Gewirtz & Grossman, LLC, alleging the company issued misleading statements regarding its 2027 financial targets.
- The stock gain occurred on February 18, 2026, aligning with a broader Nasdaq rally despite the ongoing legal challenges.