Check out the companies making the biggest moves midday: Scholar Rock — The Cambridge, Massachusetts-based biotech jumped 23% after saying it ” completed constructive and collaborative in-person Type A meeting ” with the FDA on Wednesday for a biologics license application for apitegromab, a spinal muscular atrophy treatment. Officials from Novo Nordisk’s Catalent Indiana joined the meeting and said the facility will be ready for reinspection by the end of 2025. Strategy — The crypto stock was down about 1%, well off the lows seen earlier in the day. CEO Michael Saylor said on CNBC’s “Squawk Box” that the bitcoin holder is buying “quite a lot” of the cryptocurrency at current levels. Bitcoin briefly dropped to $95,000 earlier on Friday. Figure Technology Solutions — Shares surged 20% after the lending platform reported better-than-expected earnings in the third quarter. The company posted earnings per share of 34 cents, excluding certain items, on revenue of $156.4 million. Analysts surveyed by FactSet anticipated a profit of 16 cents, excluding certain items, on revenue of $119.4 million. Whirlpool – The appliance maker jumped 4.8% after David Tepper’s Appaloosa disclosed a significant expansion of its stake in the company. Whirlpool rose to become the fund’s third-largest holding at more than $430 million. Nu Holdings — The Brazil-based digital banking company rose more than 4% on better-than-expected third-quarter results. Net income totaled $782.7 million on revenue of $4.17 billion. Analysts expected a profit of $774.8 million on revenue of $3.52 billion, per FactSet. Vertiv — The data center infrastructure stock gained 6% after the company hiked its quarterly dividend by 67% to 6.25 cents per share. Topgolf Callaway — Shares popped 6% after The Wall Street Journal reported, citing sources, that the company was in talks to sell Topgolf to Leonard Green, a private equity firm, for around $1 billion. Cidara Therapeutics — Shares of Cidara surged 103% after Merck agreed to buy the company for close to $9.2 billion in cash. Merck fell 1%. Avadel Pharmaceuticals — Danish drugmaker Lundbeck offered to acquire the pharmaceutical company for as much as $23 per share, topping biotech firm Alkermes’ earlier bid, sending Avadel 19% higher. Warner Bros. Discovery — The HBO and CNN parent rose 3% after the Wall Street Journal reported that Paramount Skydance , Netflix and Comcast are preparing bids for the media company. Warner Bros. Discovery has an initial deadline for first-round bids of Nov. 20, the Journal said, citing sources familiar with the matter. Walmart — The nation’s largest retailer fell 1% after CEO Doug McMillon said he would step down, effective Feb. 1, to be succeeded by John Furner. Big Tech — The group tried to rebound from steep declines seen earlier in the session, as concerns around AI stock valuations persist. Alphabet was down 0.1% but well off its lows of the day. Nvidia , Palantir and Tesla were higher along with Meta . StubHub — The ticket vendor slumped 19% after reporting a third-quarter net loss of $1.33 billion , or $4.27 per share, compared to a net loss of $45.9 million, or 15 cents per share at the same time last year. StubHub blamed a one-time stock-based compensation charge. CEO Eric Baker said during a conference call that the company would not provide guidance for the current quarter. — CNBC’s Alex Harring, Liz Napolitano, Scott Schnipper and Michelle Fox contributed reporting. Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant.
Stocks making the biggest moves midday: WHR, MODG, NVDA, STUB
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