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PayPal Plunges 12.7% After $53B Acquisition Collapses
PayPal shares dropped 12.7% after a $53 billion takeover bid by Stripe and Advent was abandoned, leaving the stock trading below the offer price and spotlighting margin challenges.
UiPath Shares Edge Lower Ahead of Q2 Earnings; Valuation at 4.9x ARR
UiPath (PATH) slipped 1% to $18.15 as investors await Q2 results due Sept 3. With a $9.4B market cap and ARR guidance of $1.929B-$1.934B, the stock trades at 4.9x projected ARR.
Tenon Medical Slides Slightly Amid $3M Placement and Dilution Worries
Tenon Medical shares slipped 0.4% after a $3 million private placement raised dilution concerns, despite strong Q2 revenue growth.
Solstice Jumps 12.8% as $14.5B Merger Ends, Buyback Approved
Solstice shares jumped 12.8% to $63.53 after scrapping its $14.5B merger with Element Solutions and authorizing a $500M buyback.
BioXcel Plunges 75% as Teva Stalking-Horse Bid and Chapter 11 Filing Shake Investors
BioXcel shares collapsed 74.8% after bankruptcy filing; Teva offers $57.5M for assets, but equity holders face near-total loss.
Klarna CEO's $10M Buy Fails to Halt Slide as Stock Trades Near Record Low
Klarna CEO invests $10M in shares as stock drops 50% YTD. Q2 revenue rose 27% but guidance cut weighs on sentiment.
Micron Stock Slight Dip Masks Strong AI Memory Outlook
Micron shares dipped 0.25% to $932.86, but strong Q3 results and an 86% gross margin forecast for Q4 underscore solid AI memory demand.
Coca-Cola Gains 0.7% as Margin Expansion Caps Upside
Coca-Cola (KO) closed up 0.67% at $89.66 on Friday, as Q2 revenue rose 7% to $13.4B and operating margin expanded to 34.9%. Analysts see 7% upside.
Nokia Stock Dips 3.6% Despite AI Revenue Surge as Restructuring Costs Weigh
Nokia's ADRs dropped 3.6% despite AI revenue doubling, as restructuring costs pushed reported operating profit to a loss. Analysts still see 47% upside.
SLB Rises 4.2% on Venezuela Deal, Analysts See 8% Upside
SLB stock gained 4.2% following a data deal with Venezuela's PDVSA, while analysts see an 8% upside. The agreement grants access to oilfield data.
Vistra Stock Dips 2% as $472M Hedge Loss Masks Strong Core Growth
Vistra (VST) shares slipped 2% as a $472M hedging loss overshadowed a 31% EBITDA jump. Analysts remain bullish with a $217.42 price target.
Marvell Tumbles 10% as Investors Eye Delayed Google AI Revenue
Marvell (MRVL) shares dropped 10.3% despite record Q2 revenue, as investors focused on the delayed timeline for Google custom AI chip revenue, now expected in fiscal 2029.