A visitor looks at the titanium hybrid 2020 Ford Escape FWD small SUV at the Canadian International Auto Show in Toronto, Ontario, Canada on February 18, 2020.
Chris Hellgren | reuters
Check out the companies making headlines in afternoon trading.
ford – Shares rose nearly 2% in afternoon trading after a CNBC report said Ford and the United Auto Workers union are both making progress on negotiations as the strike continues.
squarespace – The website builder rose 4.2% after UBS initiated coverage of the stock at buy. UBS said the company has a solid product portfolio and growing brand awareness.
schoolboy – The publishing and media company’s stock fell 13.2% after reporting earnings misses on the top and bottom lines. Scholastic reported an adjusted loss of $2.20 per share on revenue of $228.5 million, while analysts polled by FactSet expected a loss of $1.35 per share on revenue of $268.79 million.
Arm Holdings – The recently listed chip design stock declined 1.6% during Friday’s trading session after Susquehanna initiated a neutral rating on the company in a Friday note. Shares rose about 25% during their Nasdaq debut on Sept. 14, but now trade just above the stock’s initial public offering price of $51.
siezen — Shares of the biotech firm rose 3.5% after the company reported positive results from a clinical trial for previously untreated bladder cancer patients. The results showed that the treatment improved both overall survival and progression-free survival compared with chemotherapy.
Deere – Shares of the farm equipment maker fell 1.7% after Canaccord Genuity downgraded shares from buy to hold. The firm noted headwinds including slower growth for large farm equipment and normalizing dealer inventories.
Chinese E-Commerce Stocks – US Shares of Both PDD And alibaba Whereas, about 4% and 5% were added respectively JD.com The stock rose 2%. A Bloomberg report Earlier on Friday, it was said that the Chinese government is considering loosening foreign investment limit rules in publicly traded domestic companies.
activism blizzard – Shares in the video gaming firm rose nearly 2% after U.K. regulators shrugged off major antitrust concerns over Microsoft’s proposal for a new deal.
— CNBC’s Piya Singh, Alex Haring, Hakyung Kim and Samantha Subin contributed reporting.
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