Paypal Rallies, Elevance Health Tumbles, ASML Gains on Outlook and Planned Capacity Hike

On this episode of Stock Movers:
- Paypal (PYPL) shares gain. PayPal shares are surging as much as 16% Wednesday, the most on record, after Reuters reported Stripe and private equity company Advent ​International have made a joint offer to ‌buy the company.
- Elevance health (ELV) shares slide. The health insurer’s full-year profit guidance boost was lower than its second-quarter beat. Elevance may foresee financial challenges in the later part of the year due to recent federal policy changes that have made healthcare more expensive.
- ASML (ASML) ADRS gain. ASML Holding NV lifted its annual sales forecast for the second time this year, with net sales expected to grow to between €43 billion and €45 billion this year. The company plans to increase production, including increasing manufacturing capacity for its EUV machines to meet a large number of orders queued up for 2028.

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