PayPal tumbled after buyout talks ended, Marvell slid on delayed AI chip revenue, and Gap jumped on strong earnings. Market movers explained.
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Here are some of the companies making headlines in midday trading.
Wall Street drifts after Fed Chair Warsh's Jackson Hole speech lifts Treasury yields and hike odds; plus PayPal deal news and Apple TV price hike.
PayPal Holdings, Inc. looks undervalued post failed Advent/Stripe bid. Click for this updated look at PYPL and see why I am still bullish despite the selloff.
Paypal (PYPL) shares are down Friday after Stripe and Advent backed out of negotiations ...
PayPal (PYPL) plunges after Advent/Stripe abandon takeover talks.
PayPal shares fell as much as 16% in premarket trading Friday after Bloomberg reported that Stripe and Advent International abandoned their pursuit of the company.
PayPal fell 15% after a failed $50B buyout attempt. Elastic jumped 21% and Affirm rose 9% on strong earnings. See Friday's biggest market movers.
These are the stocks posting the largest moves premarket.
PayPal stock sinks 17% as takeover talks collapse. See the 10 ETFs with the biggest PYPL exposure and assess your fintech portfolio risk now.