Ford — Shares rose roughly 2% in noon trading after a report claimed that discussions between Ford and the United Auto Workers union are progressing as the strike continues.
Squarespace – The website builder gained 4.2% after UBS began coverage with a buy rating. According to UBS, the firm has a strong product portfolio and expanding brand recognition.
Scholastic — The publishing and media company’s shares dropped 13.2% after announcing a top and bottom-line earnings shortfall. Scholastic reported an adjusted loss of $2.20 per share on $228.5 million in revenue, compared to a loss of $1.35 per share and $268.79 million in revenue predicted by FactSet analysts.
Arm Holdings — After Susquehanna launched a neutral rating on the firm in a Friday note, the freshly listed chip design stock fell 1.6% during Friday’s trading session. Shares rose over 25% on its Nasdaq debut on September 14, but are currently trading barely above the stock’s original public offering price of $51.
Seager — The biotech company’s stock gained 3.5% after it revealed favorable findings from a clinical trial for individuals with previously untreated bladder cancer. When compared to chemotherapy, the treatment enhanced both overall survival and progression-free survival.
Deere — The farming equipment manufacturer’s stock slid 1.7% after Canaccord Genuity downgraded it to hold from buy. Slowing demand for big agricultural equipment and normalizing dealer inventories were noted as obstacles by the company.
Chinese e-commerce stocks – In the United States, shares of PDD and Alibaba rose 4% and 5%, respectively, while JD.com rose 2%. Bloomberg reported on Friday that the Chinese government is considering relaxing foreign investment restrictions in publicly listed local enterprises.
Activision Blizzard — The video game company’s stock rose around 2% after U.K. authorities said a revised merger proposal from Microsoft addressed significant antitrust concerns.
