Stock Market Today, Feb. 24: PayPal Jumps on Takeover Interest and Unusually High Trading Volume
The Motley Fool
by newsfeedback@fool.com (Jeff Santoro)February 24, 2026
AI-Generated Deep Dive Summary
PayPal (NASDAQ:PYPL) experienced a significant rise in its stock price on Feb. 24, closing at $47.02, an increase of 6.74%. This surge was attributed to reports of potential takeover interest, which sparked heightened investor activity. Trading volume surged to 57.8 million shares, nearly triple its three-month average of 20.1 million shares, indicating strong market sentiment.
PayPal, a leading digital payments platform, has been a notable player since its IPO in 2015. Over the years, it has grown by 24%, establishing itself as a key player in the fintech sector. This latest movement reflects broader market trends where takeover rumors can significantly impact stock performance.
The elevated trading volume underscores the speculative nature of such news. Investors are closely monitoring whether formal acquisition offers or strategic moves will follow. Such
Verticals
financeinvesting
Originally published on The Motley Fool on 2/24/2026