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AMG National Trust Bank Has $1.16 Million Position in PayPal Holdings, Inc. $PYPL
AMG National Trust Bank significantly reduced its stake in PayPal Holdings, Inc. by 60.6% in the fourth quarter, ending with 19,878 shares valued at $1.16 million. This move comes as PayPal undergoes a strategic reorganization, including making Venmo a standalone business, despite recently missing revenue and EPS expectations. Insider selling also occurred, with corporate insiders now owning only 0.63% of the company’s stock.