Premarket movers: Gap surges 13%, PayPal tumbles on abandoned buyout deal report
Gap shares rose 13% after naming a new CEO for Old Navy and raising its annual profit outlook. Marvell Technology fell 7% despite raising revenue forecasts. PayPal dropped 14% after a reported abandoned buyout deal. SentinelOne fell 4% on weaker profit outlook. Elastic surged 22% on strong earnings and guidance.



