PayPal Holdings, Inc. (PYPL) shares surged 17.2% following a Reuters report that Stripe and Advent International are planning a $53 billion take-private acquisition of the company. The announcement significantly boosted investor confidence.
In contrast, The Progressive Corporation (PGR) saw its shares plunge 9.4% after reporting second-quarter 2026 revenue of $23.01 billion, missing the Zacks Consensus Estimate by 0.37%.
Cintas Corporation (CTAS) shares rose 4.4% after reporting fourth-quarter 2026 earnings of $1.29 per share, surpassing the Zacks Consensus Estimate of $1.24 per share. Similarly, The Bank of New York Mellon Corp. (BNY) shares increased by 5.1% after it reported second-quarter 2026 earnings of $2.46 per share, exceeding the Zacks estimate of $2.20 per share.
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