On this episode of Stock Movers, we take a look at some of the biggest gainers and decliners of the week:
- Shares of PayPal (PYPL) inched lower at the close following a Reuters report that the company's board sees a takeover bid by rival Stripe and private equity firm Advent International as undervaluing the company and facing regulatory and financing hurdles.
- Shares of SpaceX (SPCX) tumbled on Friday, erasing more than $1 trillion in market value from the rocket and artificial intelligence giant’s all-time high. Elon Musk’s company — officially known as Space Exploration Technologies Corp. — initially rallied after the largest initial public offering in history, but has lost ground since and is trading below the $135 IPO price. Friday’s decline comes after the company aborted a launch of its Starship rocket due to an engine issue.
- Shares of Apple (AAPL) edged higher in the Friday session, paring earlier losses following news that the iPhone maker and the US Justice Department are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws. Earlier in the day, Apple briefly surpassed Nvidia as the world's most valuable company.

Apple Edges Higher; Netflix Tumbles; Meta Gains on Anthropic Talks
04:29

Apple Drops, SpaceX Tumbles, Netflix Plunges Most in Four Years on Slowing Growth
02:57

Netflix Shares Tumble; SpaceX Set to Wipe Out $1 Trillion; Yum! Brands' Taco Bell Outbreak
03:31