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Benzinga
Benzinga
Business
Melanie Schaffer

PayPal Stock Surges After Paul Singer's Activist Fund Grabs A Stake: Here's What To Watch

PayPal Nasdaq PayPal Holdings Inc

PayPal Holdings Inc. (NASDAQ:PYPL) was surging over 11% on Wednesday after a report indicated Paul Singer's Elliott Management Corp. has taken a stake in the company.

The stock may also have reacted positively to a bull flag pattern that was developed between July 13 and Tuesday.

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