A payments company that has lost more than 80% of its value in five years just posted the largest single-day gain of its eleven-year public life.

PayPal Holdings Inc. (NASDAQ:PYPL) rose 17.19% on Wednesday, the biggest daily rally since the company’s 2015 spin-off.

What Happened: Reuters reported that Stripe Inc. and Advent International Corp. submitted a joint proposal earlier this month at $60.50 a share, valuing PayPal at more than $53 billion.

The bid carries a 28% premium to Tuesday’s close and is backed by close to $50 billion in committed bank financing. Stripe and Advent would each own an equal stake.

Wednesday’s move also carried the stock above its 200-day moving average — a level PayPal has not closed above since October 2025.

Why It Matters: PayPal entered Wednesday down 20% year-to-date year and 85% below its all-time highs from July 2021.

The offer values the company at less than a fifth of its July 2021 peak of $308.52.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.