$56.170
+0.118 (+0.21%)At close
PYPL News
PYPL Events
Nasdaq Underperforms as Producer Price Index Rises 1.3% MoM
The major averages were mixed near noon as concerns around tech firms overspending on AI are mounting, leading to underperformance for the Nasdaq. Meanwhile, the producer price index rose 1.3% month over month, the largest increase since March 2022, following a 0.4% gain in August and exceeding economists' expectations for a 0.6% advance. On an annual basis, producer prices climbed 6.3%, up from 5.6% in August and the highest rate since December 2022.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Anthropic informed prospective investors that its Q3 revenue reached $16.8B, as the Claude maker forges ahead with plans for an IPO, Bloomberg reportsTSMCreported better-than-expected Q3 resultsPenske Automotiveagreed to be taken private in a $16.3B transactionCCC Intelligent Solutionsagreed to be acquired by GTCR and Elliott for $6.1BFMCcut its Q3 revenue guidance, saying it is facing slower-than-expected demand from channel customers in key markets2. WALL STREET CALLS:Deutsche Bank upgraded Walmartto Buy on favorable 2027 setupSpotifydowngraded to Hold at StoneX on "tempered" gross margin viewQuantinuumupgraded to Overweight at Morgan StanleyPayPalreinstated at Underperform, down from Neutral, at BofACarMaxdouble upgraded to Buy from Underperform at BofA3. AROUND THE WEB:Appleclosed above a $5T market capitalization on Wednesday, ending the day at $5.005T, the second company after Nvidiato do so, WSJ reportsLone Star and Atlas Holdings are both exploring "multibillion-dollar bids" for International Paper'sEuropean packaging business, previously known as DS Smith, FT saysNvidia CEO Jensen Huang said the chipmaker "absolutely must" work with Chinese AI companies on monitoring risks, telling CNBC that AI is "potentially dangerous," and that he has ongoing "dialogues" with researchers in ChinaSpaceXhas restricted some Starlink services in Ukraine by disabling military-grade terminals traveling above 100 mph, Reuters reportsSignet Jewelersand Richemontare in talks to join the Global Diamond Consortium to buy diamond miner De Beers from Anglo American, Bloomberg says4. MOVERS:OPKO Healthgains after entering into an agreement for Labcorpto acquire select assets of OPKO Health subsidiary BioReference HealthEricssonincreases in New York after reporting Q3 results and announcing with Verizonthe completion of the first 6G field callRecursion Pharmaceuticalshigher after reporting data from its REC-1245 and REC-4881 trials, announcing Sanofioptioned the first development candidate from their multi-program research collaboration, and pricing 61.54M shares of its stockRocket Lablower after delaying the Neutron launch to 2027Aquestive Therapeuticsfalls after announcing the FDA acknowledged its resubmission of the NDA for Anaphylm sublingual film5. EARNINGS/GUIDANCE:Prologisreported Q3 results and raised its outlook for FY26, with CEO Daniel Letter saying the company "executed well" this quarter"ManpowerGroupreported Q3 results, with EPS in-line with consensusVelo3Dreported preliminary results for Q3U.S. Bancorpreported Q3 results, provided guidance for Q4, and raised its outlook for FY26PNC Financialreported Q3 results with EPS beating consensusINDEXES:Near midday, the Dow was up 434.68, or 0.84%, to 52,056.16, the Nasdaq was down 102.50, or 0.38%, to 26,590.37, and the S&P 500 was up 4.71, or 0.06%, to 7,723.65.
PayPal Shares Rise 0.91% to $56.03
Moderately bullish activity in PayPal (PYPL), with shares up 50c, or 0.91%, near $56.03. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.56. Implied volatility (IV30) dropped 0.35 near 43.77,and above the 52wk median, suggesting an expected daily move of $1.54. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: PayPal (PYPL) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
PayPal Shares Up 0.58% to $54.73
Moderately bullish activity in PayPal (PYPL), with shares up 32c, or 0.58%, near $54.73. Options volume relatively light with 19k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.57. Implied volatility (IV30) dropped 0.19 near 44.31,and above the 52wk median, suggesting an expected daily move of $1.53. Put-call skew flattened, suggesting a modestly bullish tone.
PayPal Shares Rise 1.25% to $53.19
Moderately bullish activity in PayPal (PYPL), with shares up 66c, or 1.25%, near $53.19. Options volume relatively light with 31k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 0.8 points near 45.96,and above the 52wk median, suggesting an expected daily move of $1.54. Put-call skew steepened, indicating increased demand for downside protection.
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