TradingKey – On Wednesday, July 15, PayPal (NASDAQ: PYPL) was exchanging at about $57.16 after the stock gained by 20.76%, its largest daily increase in a few years, amid an early Wednesday report from Reuters that Stripe and private equity house Advent International made a joint proposal to purchase PayPal at $60.50 per share, or more than $53 billion in all.
The bid, backed by $50 billion in committed bank financing, would represent a 28% markup of PayPal’s Tuesday’s closing price of $47.37. PayPal, Stripe, and Advent did not reply immediately. The board has not accepted the proposal and is assessing its alternatives. The 4H picture shows price at $57.16 after breaking above $52.22 resistance. RSI hit roughly 89. Earnings for Q2…







