U.S. stocks were higher, with the Dow Jones index gaining around 350 points on Friday.
Shares of Ford Motor Company (NYSE:F) rose sharply during Friday's session after the company reported third-quarter adjusted EPS and sales above estimates.
Ford Motor reported quarterly earnings of 45 cents per share, which beat the analyst estimate of 36 cents. Quarterly revenue came in at $47.18 billion, which beat the Street estimate of $43.07 billion and was up from revenue of $43.06 billion from the same period last year.
Ford shares surged 9.4% to $13.50 on Friday.
Here are some other big stocks recording gains in today’s session.
- Inhibrx Biosciences, Inc. (NASDAQ:INBX) shares jumped 72.8% to $49.01 after the company said Ozekibart met its primary endpoint in chondrosarcoma, showing a statistically significant and clinically meaningful improvement in progression-free survival versus placebo.
- MidWestOne Financial Group, Inc. (NASDAQ:MOFG) gained 30.4% to $37.00 after Nicolet Bankshares announced plans to acquire the company for aggregate consideration of $864 million.
- Grindr Inc. (NYSE:GRND) shares jumped 26% to $15.99 as the company received $18 per share take-private proposal from existing holders Lu and Zage.
- Clover Health Investments, Corp. (NASDAQ:CLOV) shares gained 18.2% to $3.7850.
- USBC, Inc. (NYSE:USBC) rose 17% to $0.9769 after the company announced a preliminary partnership with Uphold to introduce a retail tokenized deposit offering.
- Opendoor Technologies Inc. (NASDAQ:OPEN) shares jumped 15.7% to $8.13.
- Comfort Systems USA, Inc. (NYSE:FIX) shares surged 15.4% to $952.40 after the company reported quarterly EPS and sales above expectations.
- Cipher Mining Inc. (NASDAQ:CIFR) rose 13.2% to $19.53 after Jane Street disclosed a 5% passive stake in the company, totaling 19.68M shares.
- D-Wave Quantum Inc. (NYSE:QBTS) gained 12.2% to $34.85.
- Bitfarms Ltd. (NASDAQ:BITF) jumped 11.9% to $4.6500.
- Fluence Energy, Inc. (NASDAQ:FLNC) gained 11.9% to $17.94.
- IREN Limited (NASDAQ:IREN) rose 11.1% to $62.06.
- The Western Union Company (NYSE:WU) gained 10% to $8.96 after the company reported third-quarter adjusted EPS and sales above expectations.
- Sandisk Corporation (NASDAQ:SNDK) climbed 8.9% to $181.97.
- Coinbase Global, Inc. (NASDAQ:COIN) rose 7.6% to $347.41 after JPMorgan upgraded the stock from Neutral to Overweight and raised its price target from $342 to $404.
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