PayPal Jumps 17% as Retail Traders Reject $60.50 Takeover Bid, 35% Want Over $100 Per Share

According to a Stocktwits poll, over the past 24 hours, 8,200 retail investors weighed in on PayPal's proposed acquisition by Stripe and Advent International at $60.50 per share. A majority view the offer as undervalued, with 35% voting the stock should be worth over $100, 16% backing the $80-$99.99 range, and 16% favoring $70-$79.99. The remaining 33% consider $60-$69.99 appropriate.

PYPL stock jumped 17% at Wednesday's close and is tracking its best monthly gains on record. Retail sentiment shifted from bullish to extremely bullish within 24 hours, with message volumes surging 1,198%. Wall Street is split: BTIG views the offer as a potential turnaround lifeline, while William Blair deems it too low and suggests buyers could raise bids to $70 per share.