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Here are some of Friday’s biggest moving stocks:
Stock gainers:
Faraday Future Intelligent Electric Inc.
FFIE,
stock climbed 6.8% after executives at the electric-mobility ecosystems group said that several top executives, including incoming Chief Executive Matthias Aydt, have agreed to salary reductions and stock purchase agreement.
Shares of China e-commerce group Alibaba Group Holding Limited
BABA,
rose 4.2% and those of Chinese EV maker NIO Inc.
NIO,
climbed 3.3% after a rally for Hong Kong’s Hang Seng Index
HK:HSI,
which closed up 2.2% after two days of selling that took the index to its worst level in a month this week.
Shares of Activision Blizzard Inc.
ATVI,
rose nearly 2% in premarket trading after the U.K. Competition and Markets Authority said that Microsoft Corp.’s
MSFT,
revised proposals to modify its Activision acquisition makes it possible for the $75 billion deal to be cleared. Under the revised deal, Activision would sell cloud gaming rights to French videogame publisher Ubisoft Entertainment SA
UBI,
whose shares rose 3.5% in Paris.
AstraZeneca PLC shares
AZN,
rose 1.8% after the pharmaceutical company and partner Daiichi Sankyo Co.
4568,
said trial results for its breast cancer drug Dato-DXd were highly positive.
Stock decliners:
Shares of Scholastic Corp.
SCHL,
dropped 16% after the children’s book publisher late Thursday reported a worse-than-expected loss for the second quarter, pinning it on the summer’s school break and timing of some of its revenue.
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