Connie Black makes adjustments to the manufacturing enactment for the bid 6 star panels seen during a circuit of a First Solar works successful Walbridge, Ohio, October 6, 2021.
Dane Rhys | Reuters
Check retired the companies making the biggest moves midday:
First Solar — Shares soared 26.48% aft the solar institution announced it is acquiring Evolar AB for up to $80 million. First Solar said the acquisition of the European company, which develops bladed movie utilized successful star panels, should accelerate its improvement of next-generation photovoltaic technology.
News Corp — The media company's banal popped 8.48% aft News Corp reported an net and gross bushed for its fiscal 3rd 4th aft the doorbell Thursday, according to FactSet. The institution besides said it expects to prevention an annualized $160 cardinal by the extremity of 2023 done its previously announced occupation cuts.
Icahn Enterprises — Carl Icahn's holding institution rebounded 11.85%, cutting this week's losses to 12%. The banal has been connected a chaotic thrust aft notable abbreviated seller Hindenburg Research took a short position, alleging "inflated" plus valuations and different reasons. Separately, Icahn Enterprises said its committee approved a $500 cardinal buyback authorization. The institution besides precocious declared a $2 per stock quarterly dividend.
JD.com — The Chinese e-commerce company's U.S.-listed shares slid 6.19%, a time aft gaining 7.2% connected an net beat. JD.com besides announced Thursday CEO Xu Lei volition measurement down successful June for "personal reasons" and volition beryllium replaced by CFO Sandy Ran Xu.
Charles Schwab — Shares of the brokerage steadfast roseate 2.54% connected Friday aft the institution reported that total lawsuit assets roseate 1% successful April. CFO Peter Crawford said successful a property merchandise that currency sorting enactment by customers has continued to diminution successful May.
Twilio — Shares dropped 3.48%. The determination added to the diminution that began aft the communications bundle developer connected precocious Tuesday forecasted net for the 2nd quarter that missed analysts' estimates. On Friday, Mizuho downgraded the stock to neutral from buy, saying it sees excessively galore near-term challenges for Twilio.
Robinhood — The banal shed 9.43%. It's a reversal from Thursday's 6.4% gain, which came a time aft Robinhood posted a first-quarter net and gross beat. On Friday, Morgan Stanley said Robinhood's caller 24-hour trading, announced Wednesday, won't supply immoderate worldly lift for the company's financials.
Fox — Shares recovered from an earlier dip and ended the time up fractionally. The determination followed a downgrade of the media institution by Wells Fargo to adjacent value from overweight. The Wall Street steadfast cited request challenges for linear TV and the costs for sports rights. Fox reported a net nonaccomplishment for its fiscal 3rd quarter connected Tuesday owed to the costs associated with Fox News' colony with Dominion Voting Systems.
Gen Digital — Gen Digital slid 5.48% pursuing its fiscal fourth-quarter net report, which came aft Thursday's close. The cybersecurity steadfast posted adjusted net that bushed analysts estimates, per FactSet. However, its bookings of $1.02 cardinal for the 4th came successful lighter than the $1.06 cardinal expected.
—CNBC's Yun Li, Jesse Pound, Michael Bloom and Sarah Min contributed reporting.
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