GNFTF - Biggest stock movers today: Aurinia Pharmaceuticals Accolade Root and more

2023-06-30 06:07:11 ET

Stock index futures rose early Friday following strong U.S. economic data , which grew much more than initially thought in the first quarter.

The focus is now on the U.S. personal consumption expenditures price index, or the Fed's favorite inflation gauge, which is due out at 8:30 AM ET.

Here are some of Friday's biggest gainers and losers:

Biggest stock gainers

Aurinia Pharmaceuticals ( NASDAQ: AUPH ) stock jumped as much as 14% on a possible sale , as its board has initiated an exploration of strategic alternatives that could include a potential sale or merger.

Shares of the healthcare technology company Accolade ( NASDAQ: ACCD ) jumped nearly 12% following a first-quarter report , where it posted revenue and earnings that beat estimates. The company unveiled its projected revenue for the fiscal year 2024, which is set to fall within the impressive range of $410 million to $414 million.

Shares of Genfit S.A. ( NASDAQ: GNFT ) ( OTCPK:GNFTF ) surged 30% after Genfit and Ipsen ( OTCPK:IPSEY ) reported 'positive' late-study results from cholestatic liver disease.

BioXcel Therapeutics ( NASDAQ: BTAI ) is paring some of the big losses it suffered on Thursday after it flagged issues related to the recording of safety data at one of the sites for the late-stage trial of its Alzheimer's drug . On Friday, the stock jumped as much as 7% .

Biggest stock losers

Shares of car insurer Root ( NASDAQ: ROOT ) plunged 18% after saying it's not in receipt of any proposal that is actionable following a report about a takeover approach last week. Recently, the privately held Embedded Insurance has made multiple approaches and offered $19.34 a share for Root ( ROOT ).

More on the markets

• Goldman adds 39 new stocks to its Sharpe Ratio basket with megacaps absent

• Financial stocks boost Dow, S&P while Nasdaq ends flat; yields surge on GDP revision

• Japanese yen weakens past 145 level to seven-month low

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