When Stripe and Block pulled their $60.50 buyout bid after $PYPL held out for more, the market repriced the stock down 12.59% in a single session.
Emotional traders rush to buy the discount, but the numbers show how momentum actually behaves: across 11 historical gap-downs of 5% or larger, $PYPL faded further to close red 64% of the time, delivering a median intraday decline of -2.76%.
A dropped takeover bid isn't a flash sale until the base rate confirms support.