Earnings bounce: PayPal Holdings shares rose 5.5 percent to $70.97 Friday after posting better-than-expected third-quarter 2017 results driven by a strong performance in global payments, led by mobile. The company also raised full-year guidance for both earnings and revenue.
Strength in mobile payments gives PayPal a push
PayPal Holdings shares rose 5.5 percent to $70.97 Friday after posting better-than-expected third-quarter 2017 results driven by a strong performance in global payments, led by mobile.
October 22, 2017 at 4:13AM
Getting together: Impax Laboratories slumped 7.3 percent to $18.50 Tuesday after the generic drug company said it will combine with competitor Amneal Holdings, which will own 75 percent of the combined company. The stock closed Friday at $21.25.
Done deal: Anthem climbed 4.9 percent to $196.49 Wednesday after announcing that it has signed a prescription benefits management deal with CVS. Anthem shares closed the week at $194.69. CVS shares, which rose 0.5 percent to $73 on the news, closed Friday at $76.49.
On second thought: Nordstrom slumped 4.6 percent to $40.67 Monday after the department store chain said it is temporarily shelving its bid to go private. Financing is believed to be a hurdle. The stock closed Friday at $42.15.
Binge spender: Netflix slid 1.9 percent to $198.82 Tuesday after the streaming video company reported that it gained subscribers in its latest quarter, but also said its debt and programming costs continue to rise. Its shares closed the week at $194.16.
Tech star: IBM jumped 8.3 percent to $158.75 Wednesday after the technology company delivered strong quarterly results and gave an outlook that hinted it was back on a growth track after six years in retreat. Its shares closed Friday at $162.07.
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The dockworkers’ union has agreed to suspend the strike until January to negotiate a new contract, the Associated Press reported Wednesday.
