Macro Finance
PayPal Drops on Deal News; Gap Soars on Earnings | Stock Movers
Bloomberg Markets·August 28, 2026·1 min read
PayPal shares fell after a consortium of Advent and Stripe abandoned its pursuit of the company, according to people familiar with the matter. Marvell Technology traded lower despite edging past Wall Street expectations on profit and revenue in its fiscal second quarter. Gap shares surged after the retailer raised its full-year earnings and gross margin outlook, and named a new Old Navy CEO.
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