PayPal shares rose 1.91% to $39.83 as markets rallied following better-than-expected inflation data, which showed a 2.4% year-over-year increase. The stock benefited from a broader recovery in the tech sector after a previous AI-driven sell-off.
- The stock remains under pressure, trading near its 52-week low of $38.88 and down 46.79% over the past year.
- Incoming CEO Enrique Lores is set to take over on March 1, 2026, to address branded checkout struggles and competitive pressures.
- The broader market recovery saw the S&P 500 and NASDAQ rise 0.68% and 0.37% respectively, lifting major tech stocks.