Barrons.com
Moderna, PayPal, and More Wednesday Stock Market Movers
PayPal (PYPL) has jumped 12% after the payments giant reported adjusted earnings that topped analysts’ expectations, disclosed changes to management, and announced a new $15 billion stock repurchase authorization. Occidental Petroleum (OXY) was down 3.2% after the oil and gas producer topped second-quarter profit estimates but posted a miss on earnings before interest, taxes, depreciation, and amortization. The company said strength in cold drinks and food sales helped drive the sales beat.