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Intel, Reata Pharma and Roku rally, and other movers

By MarketWatch

Here are some of the biggest movers on Friday:

Stock gainers:

Reata Pharmaceuticals Inc.'s(RETA) stock soared 51.5% after BiogenInc.(BIIB) said it would buy the drug maker for $7.3 billion in cash.

Intel Corp.'s(INTC) stock surged 5% after the Dow Jones Industrial Average component reported results that showed PC and data-center sales beat expectations.

KLA Corp.'s(KLAC) stock rose 4.4% in regular trading on Friday, adding to a 5.3% rise on Thursday, after the wafer-fab equipment maker's earnings and outlook topped the Wall Street consensus

Roku Inc.'s (ROKU) stock rallied 20.8% after the streaming-media company's earnings and outlook exceeded expectations

Boston Beer Co.'s(SAM) stock surged 18.3% after the company -- which makes beverages such as Samuel Adams beer, Truly seltzer and Twisted Tea -- reported second-quarter results that beat estimates, as demand for Twisted Tea helped make up for weaker seltzer demand.

Shares of Oreo maker Mondelez International Inc.(MDLZ) were up 4.5% after the snack maker reported second-quarter results that beat estimates and raised its full-year profit and sales forecasts, helped yet again by price increases.

Shares of Skechers USA Inc.(SKX)rose 7.2% after the comfort-footwear maker reported second-quarter results that topped Wall Street estimates.

Stock decliners:

Avantor Inc.'s(AVTR) stock dropped nearly 10% after the provider of lab equipment and services reported second-quarter adjusted earnings of 28 cents a share, a penny below the FactSet consensus. Its revenue of $1.74 billion also missed the $1.8 billion Wall Street target.

Ford Motor Co.(F) dropped 3.5% after the Detroit automaker had a beat-and-raise quarter but spooked investors by shifting its EV production goals.

Sweetgreen Inc.(SG) shares tanked by 11.5% following a wider quarterly loss for the fast-casual restaurant chain.

Enphase Energy Inc.'s (ENPH) stock sank nearly 11% after the company reported quarterly revenue that fell short of analysts' estimates and offered a weak forecast.

Shares of Juniper Networks Inc.(JNPR) plunged more than 7% following its warning that it expects "continued weakness in bookings, particularly with our Cloud and, to a lesser extent, our Service Provider customers."


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07-28-23 1023ET

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