Visitors view the titanium hybrid 2020 Ford Escape FWD small SUV at the Canadian International Auto Show on February 18, 2020 in Toronto, Ontario, Canada.
Chris Hellgren | Reuters
Check out the companies that are trending in intraday trading.
Ford — Shares jumped about 3% in midday trading after CNBC reported that both Ford and the United Auto Workers union are negotiating as the strike continues.
Squarespace — The website builder rose about 5% after UBS began reporting a buyout of its stock. UBS said it has a strong product portfolio and growing brand recognition.
Scholastic — Shares of the publishing and media company plunged more than 14% after the company reported a loss in revenue and bottom line. Scholastic reported an adjusted loss of $2.20 per share on revenue of $228.5 million, compared with analysts’ expectations compiled by FactSet for a loss of $1.35 per share and revenue of $268.79 million. It was a dollar.
Arm Holdings — The recently publicly traded chip design stock fell 2.3% during Friday trading after Susquehanna initiated a neutral rating on the company in a note Friday. Shares soared nearly 25% when they listed on the Nasdaq on September 14, but are now trading just above their opening price of $51.
Seagen — The biotech company’s stock rose 3.5% after the company reported positive results in a clinical trial in untreated bladder cancer patients. The results showed that this treatment improved both overall survival and progression-free survival compared to chemotherapy.
Deere — The farm equipment maker’s stock price fell more than 2% after Canaccord Genuity downgraded the stock from buy to hold. The company cited headwinds such as slowing growth in large agricultural machinery and normalization of dealer inventories.
Chinese e-commerce stocks — U.S. shares of PDD and Alibaba rose about 4% and 5%, respectively, while Jingtocom shares rose 2.2%.a Report from Bloomberg The Chinese government announced early Friday that it is considering easing caps on foreign investment in domestic listed companies.
Activision Blizzard — The video game company’s shares rose about 2% after British regulators said a new deal proposal from Microsoft cleared major antitrust concerns.
—CNBC’s Pia Singh, Alex Harring, Hakyung Kim and Samantha Subin contributed reporting.
