Stock Movers Closing Bell: Ford Surges, Grindr Gets Buyout Offer, Deckers Falls
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Oct 24, 2025 Ford's shares soared after news of recovery from a fire at a key supplier, easing concerns over its F-150 production. Grindr is in the spotlight with a buyout offer valuing the dating app at nearly $3.5 billion. Meanwhile, Deckers Outdoor saw its stock tumble as it forecasted lower revenue for 2026, causing disappointment among investors. The market also reacted to a mixed day for Intel, alongside discussions about turbulence in the tech sector.
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Ford Supply Issue Eases
- Ford expects a key supplier to resume aluminum production by late November and ramp through year-end, easing F-150 supply concerns.
- The news drove Ford shares up about 12%, the biggest intraday jump in over five years.
Intel Rally Faces Skepticism
- Intel rallied intraday on upbeat forecasts but finished barely higher as investors weighed lingering challenges.
- The stock swung from optimism about a turnaround to concern over remaining hurdles.
Buyout Proposal Boosts Grindr
- Two major Grindr investors proposed taking the company private at $18 a share, valuing it near $3.5 billion.
- The offer sparked a jump in Grindr stock, which closed around $15 and change after rising as much as 28% intraday.