PayPal shares surged 6.79% to $44.48 following reports from Bloomberg News that the fintech giant is attracting preliminary acquisition interest. The potential takeover activity follows a significant valuation plunge and the recent departure of CEO Alex Chriss.
- The stock sharply outperformed a down market, providing a potential floor for shares that have struggled since early February.
- Ongoing legal challenges persist as DJS Law Group files securities fraud lawsuits alleging the company misled investors regarding Branded Checkout growth potential.