PYPL dropped sharply today after reports emerged that Advent International and Stripe abandoned their joint $50 billion takeover bid. The deal collapse removes a key near-term catalyst for the payments giant. Short sellers had been reducing bets on the name — this news may reverse that trend quickly.
CRWD posted its best single trading day ever, with eleven analysts raising price targets after blowout results. Meanwhile, WDAY faces a more mixed picture. BMO lifted its Workday target to $230, but the overall analyst consensus slipped. Short interest sits at 9% of free float — elevated for large-cap software. COIN added to the positive tech tone, with Coinbase's CEO publicly backing the CLARITY Act crypto legislation as it gains momentum in Washington.
BYD Company reports today. The $116 billion EV giant's numbers will be closely watched globally amid ongoing trade tensions. BeOne Medicines, the $42.7 billion oncology firm, also reports this morning. ULTA flagged a weaker Q3 versus Q4 comparable setup as it gears up for the holiday season — analysts remain split, with Goldman raising its target to $667 while B of A trimmed theirs.
ILMN insiders filed over $200 million in sales this month. Board member Keith Meister filed $46M alone this week. Comfort Systems USA CEO Brian Lane filed a $25.8M sale on August 27. On the short side, CAPR saw short interest spike 9 points to 45.6% of free float, while CHWY shorts continue to retreat as the stock recovers.
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