Closing Bell: Ford Surges, Grindr Gets Buyout Offer, Deckers Falls
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.
On this episode of Stock Movers:
- Ford (F) signaled it will largely bounce back next year from a devastating fire that hobbled a key supplier to its top-selling F-150 pickup, sending shares up the most in more than three years while assuaging concerns over one of the automaker’s biggest money-makers. Shares climb as much as 10% — the most intraday since January 2022.
- Grindr (GRDR) has received a buyout offer from two of its top investors valuing the dating app at nearly $3.5 billion. The investors, who together own more than 60% of Grindr's outstanding shares, proposed to take the company private by acquiring the rest of the company's outstanding shares for $18 apiece.
- Deckers Outdoor (DECK) shares fell after the owner of Hoka running shoes and Ugg boots forecast 2026 revenue that falls short of analyst expectations, reflecting pressured consumer spending. The company guided for net sales of $5.35 billion next year, compared to analyst estimates of $5.45 billion. Shares slid as much as 12% in premarket trading.
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