Weekly Roundup: PayPal Inches Lower; SpaceX Tumbles; Apple Edges Higher

On this episode of Stock Movers, we take a look at some of the biggest gainers and decliners of the week: - Shares of PayPal (PYPL) inched lower at the close following a Reuters report that the company's board sees a takeover bid by rival Stripe and private equity firm Advent International as undervaluing the company and facing ​regulatory and financing hurdles. - Shares of SpaceX (SPCX) tumbled on Friday, erasing more than $1 trillion in market value from the rocket and artificial intelligence giant’s all-time high. Elon Musk’s company — officially known as Space Exploration Technologies Corp. — initially rallied after the largest initial public offering in history, but has lost ground since and is trading below the $135 IPO price. Friday’s decline comes after the company aborted a launch of its Starship rocket due to an engine issue. - Shares of Apple (AAPL) edged higher in the Friday session, paring earlier losses following news that the iPhone maker and the US Justice Department are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws. Earlier in the day, Apple briefly surpassed Nvidia as the world's most valuable company.See omnystudio.com/listener for privacy information.