Closing Bell Movers: AXT Inc. slips after cutting Q4 revenue guidance

Equity futures were mixed following a mixed regular session, as profit-taking and risk aversion appeared to take hold ahead of the forthcoming jobs report. Of note, however, President Trump instructed his “representatives” to purchase $200B of mortgage bonds, sending shares of companies such as Opendoor (OPEN) and Offerpad (OPAD) higher. This marks the second day in a row Trump released commentary on Truth Social that resulted in bullish sentiment for a sector, after his comments on expanding military spending on Wednesday.

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Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER TRUMP INSTRUCTS ‘REPRESENTATIVES’ TO BUY $200B OF MORTGAGE BONDS –

• Offerpad Solutions (OPAD) up 64.5%
• Opendoor Technologies (OPEN) up 12.4%
• Rocket Companies (RKT) up 7%
• UWM Holdings (UWMC) up 5.1%

ALSO HIGHER –

• Jazz Pharmaceuticals (JAZZ) up 5% after naming Thomas Riga chief business officer
• MGM Resorts (MGM) up 0.7% after Texas Capital initiated coverage of the stock with a Buy rating

LOWER AFTER EARNINGS –

• Pacira (PCRX) down 9.7%
• WD-40 (WDFC) down 9.1%

ALSO LOWER –

• AXT Inc. (AXTI) down 29% after cutting its Q4 guidance
• Olin (OLN) down 7.8% after updating its Q4 outlook
• General Motors (GM) down 1.6% after saying it expects an additional $6B in charges related to a review of EV capacity and investments