PayPal Share Sale by Senior Executive Raises Investor Concerns

PayPal shares are facing renewed pressure despite the company’s recent strong quarterly performance. The digital payments leader had impressed markets in late October with record-breaking results and a surprise dividend announcement. However, investor confidence has been shaken by significant insider selling activity, raising questions about timing and sentiment within the company’s leadership ranks.

Suzan Kereere, who serves as President of Global Markets at PayPal, executed substantial share sales on November 3. Regulatory filings reveal she disposed of 12,500 shares through two separate transactions. The first block of 10,000 shares was sold at an average price of $68.85, followed by an additional 2,500 shares at $68.96. This divestment totaled approximately $860,875. Following these transactions, Kereere maintains direct ownership of Read more...