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Deutsche Bank, Activision, Block, Scholastic, Ouster and more Market Movers




UBS ( UBS ), the bank that bought Credit Suisse for about $3 billion, fell 0.9% after receiving a Hold downgrade from buy analysts at Jefferies.

Activision Blizzard ( ATVI ) rose 5.9% after Britain’s Competition and Markets Authority said it was no longer concerned that Microsoft ( MSFT ) would use its $68.7 billion deal for the video game maker to snap up. Duty calls from console competitors such as Sony. Activision was the top performer in the


S&P 500 .

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Block (SQ) fell 1.9%. Shares in the payments company closed nearly 15% lower on Thursday after being targeted by short-selling firm Hindenburg Research. The firm claimed that Block inflated user metrics and failed to rein in inappropriate activity on the platform. Block called the report “factually inaccurate” and “misleading”, and announced plans to explore legal action against Hindenburg.

Coinbase Global (COIN) rose 2.3% after falling 14% on Thursday after receiving a “Wells Notice” from the Securities and Exchange Commission, which warned the agency to take enforcement action against the crypto exchange. The stock was downgraded on Friday to Underperform from Market Perform with a price target of $36 by analysts at TD Cowen.

Torrid Holdings ( CURV ) surged 22% after fourth-quarter sales topped estimates and the retailer’s fourth-quarter loss narrowed.

Scholastic

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(SCHL), the children’s publishing, education and media company, reported a third-quarter financial loss that was wider than a year earlier, and it provided a forecast for the fiscal year below previous estimates. The share fell 22 percent.

Lidar maker Ouster (OUST) reported fourth-quarter sales that missed estimates and the stock fell 14%. The company expects first-quarter sales to range between $15 million and $17 million, lower than Wall Street’s estimate of $20 million. But Ouster just closed its merger with Velodyne on Feb. 1, and said it remains on track to top previously projected annual cost savings of $75 million within nine months.

Stifel Financial ( SF ) fell 2.4% after estimates that first-quarter investment banking revenue would decline 5% to 10% from fourth-quarter levels.

Regeneron Pharmaceuticals

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(REGN) rose 2.2% to $820 as shares of the biotech company were upgraded to Buy from Hold at Jefferies and the price target was raised to $925 from $675.

Write to Joe Woelfel at joseph.woelfel@barrons.com



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