Equity markets experienced pronounced swings on Friday, producing a set of distinct winners and losers across capitalization bands. News items and company-specific headlines drove many of the larger moves, with some mega-caps advancing while a number of banks and smaller-cap names fell sharply.
Summary of the session
Stocks from the largest market-cap cohort to small-cap listings saw volatile price action. Headlines such as corporate board decisions, earnings beats, analyst rating changes and planned capital raises were cited alongside reported revenue outlooks or contract awards as the proximate drivers of the moves documented below.
Mega-Cap Movers (Market Cap: $200 billion USD or higher)
- Netflix (NFLX); WBD board deems Paramount’s $31/share bid superior to Netflix deal +8.68%
- American Express (AXP) -6.82%
- Goldman Sachs Group (GS) -5.12%
- Morgan Stanley (MS) -5.23%
- Bank Of America (BAC) -4.61%
- Citigroup (C) -4.99%
- Wells Fargo (WFC) -5.17%
- Oracle Corp (ORCL) -3.28%
- JP Morgan Chase (JPM) -3.09%
- Alibaba-exch (BABA) -2.59%
Within the largest-cap segment, Netflix stood out for its advance amid a board-level determination referenced in the session’s headlines. Several major financials recorded declines on the day.
Large-Cap Stock Movers (Market Cap: $10-$200 billion USD)
- Dell Inc (DELL) +19.07%
- Square Inc (XYZ); Morgan Stanley upgrades Block stock rating on product expansion +18.41%
- CoreWeave (CRWV) -17.59%
- Zscaler Inc (ZS) -14.09%
- Flutter Entertainment PLC (FLUT) -14.72%
- Kratos Defense & (KTOS); Kratos Defense plans $1 billion stock offering -6.94%
- United Continental (UAL) -8.08%
- Social Capital Hedosophia V (SOFI) -7.27%
- AltC Acquisition (OKLO) -6.89%
- Leucadia Natl (JEF) -7.07%
Dell led the large-cap pack with a double-digit gain. Analyst activity and planned capital actions were among the headlines tied to other names in this cohort.
Mid-Cap Stock Movers (Market Cap: $2-$10 billion USD)
- Applied Optoelectronics (AAOI); Applied Optoelectronics surges on Q4 beat, strong revenue outlook +43.96%
- Figs (FIGS); Goldman Sachs upgrades Figs stock rating on strong sales momentum +19.97%
- Dentsply Intl Inc New (XRAY) +12.71%
- Sunrun Inc (RUN); Sunrun jumps on earnings beat and strong cash guidance -30.61%
- Ambarella Inc (AMBA); Ambarella falls 4% despite beating fourth quarter estimates -16.98%
- Brinks Comp (BCO); NCR Atleos soars on $6.6 billion Brink’s acquisition deal -17.02%
- Duolingo (DUOL) -15.56%
- Figure Technology Solutions Ltd (FIGR); Figure partners with Agora Data to add auto loans to marketplace -16.94%
- B Riley Principal Merger Ii (EOSE); Guggenheim downgrades Eos Energy stock rating on forecasting concerns -10.31%
- Elastic (ESTC) -12.02%
Mid-cap action was mixed but featured several large percentage moves tied to earnings results, revenue outlooks, partnerships and analyst activity. Notable among them was Applied Optoelectronics, which recorded a substantial single-day gain tied to reported results and outlook.
Small-Cap Stock Movers (Market Cap: $300 million - $2 billion USD)
- Fulgent Genetics Inc (FLGT) -33.66%
- Arlo Technologies (ARLO); Arlo Technologies surges on earnings beat and strong guidance +28.24%
- Portfolio Recovery (PRAA) +26.99%
- Brp Group Inc (BWIN); Raymond James upgrades Baldwin Insurance stock rating on valuation +22.01%
- Willdan Group (WLDN); Willdan wins $49M energy contract with California college -21.76%
- Progyny Inc (PGNY) -22.74%
- Emergent Biosolutions Inc (EBS); Emergent BioSolutions secures $140M contracts with Canada -23.38%
- AEABridges Impact (LVWR) -23.7%
- Soaring Eagle Acquisition (DNA) -21.15%
- PAR Technology Corp (PAR) -26.18%
Small-cap names included some of the largest percentage declines of the day as well as several notable gains tied to earnings and contract announcements.
Session takeaways
The trading day produced a broad set of movers across capitalization ranges. Headlines tied to board assessments, earnings results, analyst rating changes, contract awards and planned equity raises were frequently referenced as proximate explanations for the swings recorded.