Stocks finished higher Friday, with the S&P 500 posting its second consecutive record close, as Wall Street assessed hotter-than-expected inflation data and how the Federal Reserve might respond to the rising price pressures.
Here are some of the big movers in the stock market on Friday:
1. Novan | Increase 62%
The clinical study is for SB206, an antiviral gel designed to treat this common and contagious skin infection.
2. Magnachip Semiconductor | Increase 12%
In March, Magnachip agreed to be acquired by Wise Road Capital in a take-private transaction valued at $1.4 billion.
3. Vaxart | Increase 22%
Last month, Vaxart said that its oral COVID-19 vaccine treatment could be just as effective as the injectables made by its most popular rivals.
4. Iconix Brand Group | Increase 28%
Shares of Iconix Brand Group (ICON) - Get Report leaped after the brand management company said it agreed to merge with an affiliate of Lancer Capital, in an all-cash transaction that values Iconix at about $585 million.
Iconix's brand portfolio includes Joe Boxer, London Fog, and Rocawear.
5. NIO | Increase 6.8%
NIO (NIO) - Get Report climbed after the Chinese electric-vehicle maker said it won a key European Whole Vehicle Type Approval license for the ES8, saying it will serve as an "essential foundation" for Europe expansion.
The company's CEO also said its manufacturing partner had begun building a second factory near NIO's headquarters in the industrial city of Hefei.