Independent Bank's shares rose nearly 5% after reporting third-quarter earnings of $1.90 per share, exceeding the FactSet estimate of $1.85, along with net interest income of $220.7 million, surpassing expectations. Moog's stock increased over 4% following an upgrade from Morgan Stanley, which raised its price target to $448, indicating a potential 23% upside.
Conversely, Fox Factory's shares fell 9% after CEO Mike Dennison's resignation and a reduction in its revenue outlook. Truist Financial's shares gained 2% after reporting adjusted earnings per share of $1.16, a 12% increase year-over-year, while Regions Financial's stock rose nearly 2% on earnings of 73 cents per share, beating the expected 66 cents. J.B.
Hunt's shares slipped 3% despite revenue of $3.68 billion exceeding forecasts, as its adjusted earnings per share fell short of expectations. Tesla's shares declined 1% after unveiling its second-generation Roadster, which is touted as the world's first flying car, with production expected to start in 2028.
Alcoa's stock increased over 6% due to better-than-expected earnings driven by a recovery in its alumina business. CoreWeave's shares dropped 10% amid concerns over rising interest rates affecting its financial stability. Netflix's stock fell 2% following a leadership change and a workforce reduction of about 1,000 jobs