5 Hottest Stocks to Watch on Wednesday

3. PayPal Holdings, Inc. (NASDAQ:PYPL) has fallen 3.8% as of 11:48 AM ET following the announcement by the San Jose, California-based online payment system operator that its CFO and VP, Global Customer Operations John Rainey will leave PayPal Holdings, Inc. (NASDAQ:PYPL) after seven years.

Rainey is expected to join Walmart Inc. (NYSE:WMT) following his exit. To ensure a smooth transition, he will stay with PayPal Holdings, Inc. (NASDAQ:PYPL) until May 2022. Gabrielle Rabinovitch has been appointed as the interim CFO. She is currently serving as Senior VP, Corporate Finance and Investors Relations.

Overall, 110 hedge funds had a stake in PayPal Holdings, Inc. (NASDAQ:PYPL) as of Q4 2021.