PayPal, Veradermics, Alibaba And Other Big Stocks Moving Higher On Wednesday
U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Wednesday. Shares of PayPal Holdings Inc (NASDAQ: PYPL ) rose sharply following a report that Stripe and Advent International have proposed a joint acquisition of the digital payments firm in a deal valued at over $53 billion. The proposal for $60.50 per share, backed by close to $50 billion in committed financing from banks, was submitted earlier this month, Reuters reported. That implies a 28% premium to PayPal’s closing share price on Tuesday, PayPal shares jumped 13.5% to $53.74 on Wednesday. Here are some other big stocks recording gains in today’s session. Aehr Test Systems (NASDAQ: AEHR ) shares jumped 45.5% to $104.75 after the company reported better-than-expected quarterly financial results and issued FY27 sales guidance above estimates. Electrovaya Inc (NASDAQ: ELVA ) gained 33.1% to $10.50...
U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Wednesday. Shares of PayPal Holdings Inc (NASDAQ: PYPL ) rose sharply following a report that Stripe and Advent International have proposed a joint acquisition of the digital payments firm in a deal valued at over $53 billion. The proposal for $60.50 per share, backed by close to $50 billion in committed financing from banks, was submitted earlier this month, Reuters reported.
That implies a 28% premium to PayPal’s closing share price on Tuesday, PayPal shares jumped 13.5% to $53.74 on Wednesday. Here are some other big stocks recording gains in today’s session. Aehr Test Systems (NASDAQ: AEHR ) shares jumped 45.5% to $104.75 after the company reported better-than-expected quarterly financial results and issued FY27 sales guidance above estimates. Electrovaya Inc (NASDAQ: ELVA ) gained 33.1% to $10.50.
Electrovaya announced commercial relationship with Amazon. Robo.ai Inc (NASDAQ: AIIO ) gained 19.7% to $4.78. Falcon’s Beyond Global Inc (NASDAQ: FBYD ) surged 19% to $12.76. Veradermics Inc (NYSE: MANE ) rose 14.3% to $125.79 as the company’s VDPHL01 Phase 2 trial met key endpoints in female pattern hair loss, showing rapid onset of hair growth.
Lucid Group Inc (NASDAQ: LCID ) surged 11.3% to $5.14. Kopin Corp (NASDAQ: KOPN ) gained 9.3% to $4.11. MINISO Group Holding Ltd – ADR (NYSE: MNSO ) jumped 9.2% to $12.59. Mesoblast Ltd (NASDAQ: MESO ) gained 7.8% to $18.05.
Nexstar Media Group Inc (NASDAQ: NXST ) rose 7.1% to $188.00. Lionsgate Studios Corp (NYSE: LION ) gained 7.1% to $14.23 following reports suggesting that the company attracted takeover interest from Bellore and Banijay. Karman Holdings Inc (NYSE: KRMN ) surged 6.7% to $48.92. Karman Holdings will replace BrightSpring Health Services in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 17.
Alibaba Group Holding Ltd – ADR (NYSE: BABA ) gained 6.4% to $119.49 after China approved Apple Intelligence for use on domestic iPhones, marking a key regulatory milestone for Apple’s AI rollout in the country. Photo via Shutterstock