PayPal shares are trading higher after the company announced Intuit's Alex Chriss will take over as CEO, effective September 27.
Portfolio Pulse from Benzinga Newsdesk
PayPal has announced that Alex Chriss, from Intuit, will take over as CEO, effective September 27. This news has led to an increase in PayPal's share price.
August 14, 2023 | 4:21 pm
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POSITIVE IMPACT
PayPal's shares are trading higher following the announcement of Alex Chriss, from Intuit, as the new CEO.
The announcement of a new CEO, especially one with a strong background like Alex Chriss from Intuit, is often seen as a positive signal by the market. This is reflected in the increase in PayPal's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100