Biggest stock movers Friday: PYPL, MRVL, and more
Stock futures were mixed as investors focused on Fed Chair Kevin Warsh's speech and U.S.-Iran tensions. Elastic (ESTC) surged 21% after beating earnings and raising guidance. Affirm (AFRM) rose 9% on strong results and upbeat outlook. PayPal (PYPL) plunged 13% after a buyout consortium abandoned its pursuit. Rubrik (RBRK) and Marvell (MRVL) fell 8% each, despite both beating estimates and raising forecasts, as investors sought stronger beats.
