Stocks closed lower, but the
S&P 500
still ended the year with a 24% gain.
These stocks made moves Friday:
Lyft
stock fell 3.5% to $14.99 after Nomura analysts cut their rating on the ride-hailing company to Reduce from Neutral, but raised their price target to $13 from $11.70. Shares of
Uber Technologies
were down 2.5% to $61.57 after Nomura downgraded
Lyft’s
rival to Neutral from Buy, but lifted the price target to $62 from $59.
Shares of
Alphabet,
Google’s parent, were down 0.4% at $139.69 after a report said the technology company agreed to settle privacy litigation.
A trial, set for February, over allegations Google had been tracking internet searches made by millions of users, has been placed on hold, Reuters reported, saying lawyers for Google and for consumers had reached a preliminary settlement.
Boeing
said all of its 737 MAX aircraft operated by Chinese carriers have returned to service after having been grounded in 2019 in the wake of two crashes, according to a Reuters report citing social media. The stock was up 0.1% to $260.66.
Fisker
shares soared 16% to $1.75 after the electric vehicle start-up beat a reduced forecast for production.
Tesla
stock slipped 1.9%.
Shares for
Grand Canyon Education,
which designs and manages courses, faculty training, and student counseling, fell after the Federal Trade Commission said Wednesday it has started legal action, MarketWatch reported.
The FTC alleged it and partner Grand Canyon University had deceived some prospective students about university program costs, according to the report. It said the university had issued a statement “categorically denying “these unsubstantiated allegations.” The stock was down 0.4% to $132.04.
Write to Rupert Steiner at [email protected] and Emily Dattilo at [email protected]
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