PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat
After seeing its shares lose nearly two-thirds of their value in the past year, PayPal Holdings Inc delivered a profit-heavy report on Tuesday, announcing a new CFO, buy-back authorization program and cost savings, while also confirming that activists at Elliott Management Inc. Corp. a stake in the company. Additionally, the company beat expectations with its …