PayPal Drops on Deal News; Gap Soars on Earnings | Stock Movers

PayPal shares declined after Advent and Stripe ended their pursuit of an acquisition of the payments company. Marvell Technology shares fell following its second-quarter fiscal 2027 earnings report, in which the company exceeded analyst expectations for both earnings per share and revenue. Gap raised its full-year adjusted earnings per share and adjusted gross margin outlooks and appointed Michael Francis as CEO of its Old Navy division, which reported a comparable sales decline in the quarter; Gap shares rose on the announcement.

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