Biggest stock movers Friday: NKE, SYNA, and more

Stock futures edged higher Friday morning as investors prepared for the release of the September nonfarm payrolls report while tracking volatile moves across global sovereign bond markets.

Here are some of Friday's biggest stock movers:

Biggest stock gainers

• Synaptics (SYNA) +14%, ON Semiconductor (ON) +6% - Shares climbed after ON agreed to acquire Synaptics for $123 per share in cash, or approximately $5.7B, replacing the all-stock deal announced in June that was valued at about $7B. The revised transaction follows an unsolicited competing proposal and is expected to be immediately accretive to Onsemi's non-GAAP EPS. The deal will be funded with cash on hand and committed debt financing from Morgan Stanley, with closing still expected by mid-2027. Synaptics' board unanimously approved the amended agreement.

• ChronoScale Holdings (CHRN) +6% - Shares rose after the company announced an expansion with an existing AI infrastructure customer and a separate agreement with a new customer, bringing its contracted business to support a $1B annualized revenue run rate by Q3 2027. The company cautioned that reaching the target depends on timely infrastructure deployment, power and equipment availability, and access to capital. ChronoScale also completed the sale of its Ekso Bionics business as it focuses on its AI infrastructure operations.

Biggest stock losers

• Nike (NKE) -9% - Shares plunged after the company reported mixed FQ1 results, with revenue declining 4% Y/Y to $11B, and issued a weaker-than-expected FY2027 outlook. Greater China sales plunged 22% Y/Y to $1.2B, while Converse revenue fell 28%, Nike Direct declined 8%, and wholesale sales slipped 1%. Nike expects FY2027 revenue to decline by a high-single-digit percentage and adjusted EPS of $1.15-$1.35, excluding about $0.15 in restructuring costs, below the $1.67 consensus. Its PACE initiative targets approximately $2.5B in savings through FY2031, including $1B in employee-related costs.