Check out the companies that made the biggest moves of the day: Independent Bank – Shares of the Michigan-based bank holding company rose nearly 5% after third-quarter earnings beat estimates. Independent Bank earned $1.90 per share, beating the FactSet consensus call of $1.85 per share. Net interest income of $220.7 million also beat estimates of $218.5 million. The bank saw its home equity loans grow at a high single-digit annual percentage rate in the fourth quarter. Moog – The maker of precision motor control systems rose more than 4%. Morgan Stanley upgraded the stock to overweight from equal weight. The company also raised its price target to $448 from $405, representing about 23% upside from Thursday’s close. Shares have decreased in 2026, more than 55%. Fox Factory – The vehicle suspension maker fell 9% after CEO Mike Dennison stepped down. Fox’s board appointed Douglas Grimm as interim chief executive. The company also cut its full-year revenue outlook. Truist Financial – Shares surged 2% higher after the regional bank posted third-quarter results. Adjusted earnings per share at $1.16, up 12% year over year. Adjusted revenue totaled $5.3 billion. Financial Sector – Banks posted nearly 2% of third-quarter earnings that beat the Street. Regions earned 73 cents per share, excluding certain items, while analysts polled by FactSet expected a profit of 66 cents per share. JB Hunt – The trucking giant fell 3% on mixed third-quarter results. Revenue of $3.68 billion exceeded LSEG’s forecast of $3.57 billion. However, adjusted earnings per share of $1.82 were just below the consensus of $1.89 per share. Tesla – Shares shed 1% after the EV maker announced its long-awaited second-generation Roadster. The vehicle uses rocket-style thrusters developed by SpaceX and demonstrated aerial maneuvers at Thursday’s event. Tesla describes it as the world’s first flying car and expects production to begin in 2028. Alcoa – The aluminum producer rose more than 6% in earnings more than expected for the third quarter, helped by a rebound in its alumina business. CoreWeave – Shares of the neocloud provider plunged 10% as Thursday’s short bounce. The stock came under pressure this week as investors braced for higher interest rates that could hurt debt-ridden companies. Netflix – Shares fall 2% after streaming giant announces leadership shakeup. Chief content officer Bela Bajaria is leaving the company and will be replaced by former Disney executive Peter Rice. The changes come just a day after Netflix said it would cut 6% of its workforce, or about 1,000 jobs. – CNBC’s Fred Imbert and Darla Mercado contributed reporting.
Stocks that made the biggest moves during the day: CRWV, MOG.A, JBHT, AA