PayPal Rallies on Buyout Offer; Conagra Brands Move on Dividend Cut | Stock Movers

On this episode of Stock Movers: - PayPal (PYPL) shares are rallying after Reuters reported Stripe and private equity company Advent International have made a joint offer to buy PayPal for $60.50 per share, valuing the payments firm at more than $53 billion. - Conagra Brands (CAG) shares are moving on news it is cutting its dividend in half, freeing up cash as its new chief executive officer begins his efforts to turn around the packaged food company. - SpaceX (SPCX) shares have fallen to the brink of falling below their initial public offering price after three days of losses, with shares closing at $136.08 each.