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Apple, Manchester United, Activision Blizzard and more

The Microsoft logo is seen on a smartphone placed over the Activision Blizzard logo displayed in this illustration taken on January 18, 2022.

Dado Ruvik | reuters

Check out the companies making headlines in Friday afternoon trading.

Apple — Apple shares fell 2% on Friday following a protest by the iPhone maker’s key Foxconn supplier in China earlier this week. Analysts and investors have also raised fears that the shutdown of manufacturing in the country following the recent resurgence of Covid-19 could impact supplies this holiday season.

activism blizzard — Shares of the video game company fell more than 4% after Politico reported the Federal Trade Commission is likely to sue Microsoft to block its $69 billion acquisition of Activision Blizzard.

manchester united — Manchester United stock soared more than 16%, following gains earlier this week on news that the soccer team’s owners are weighing a possible sale.

coupe software – Shares of the software company popped 7%, followed by a 28.9% gain on Wednesday Bloomberg reported That Vista Equity Partners is exploring the possibility of acquiring Coupa.

Kanu – The share price of the electric vehicle company is trading 6.5% higher After a Securities and Exchange Commission The filing revealed that CEO Tony Aquila bought the shares. He bought over 9 million shares on November 21 at $1.11 a share, worth about $10 million. Half of these shares were bought outright, while Aquila’s firm AFV Partners bought the other half.

grinder — The LGBTQ dating app declined 6%, snapping a week of losses after a rally it saw on Nov. 18, its first day under the new ticker post-SPAC. It is now up more than 40% from where it first started and more than 85% from the highs seen in the initial rally.

lufax holding – US-listed shares of the Chinese fintech company plunged 20% on Friday. Lufax reported disappointing earnings results earlier in the week, which were accompanied by downgrades and price target cuts at some Wall Street firms. JPMorgan cut shares to underweight from overweight on Friday and slashed its price target on the stock.

Generac — Shares of the generator maker fell 1% on Friday after Argus Research downgraded the stock to hold from buy. Argus said in a note that supply chain issues will weigh on Genrec’s performance “for the next few quarters” and that the stock deserves to trade at a worse multiple than its peers.

— CNBC’s Alex Harring, Jesse Pound, Yun Lee and Darla Mercado contributed reporting


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