BQ

Stock Performance: Boqii Holding Limited's shares surged 32.5% in after-hours trading, reaching $2.65, despite a 4.76% decline during regular trading hours, closing at $2.

Equity Transaction Details: The company filed a Form 6-K with the SEC, revealing a repurchase agreement where founders of Nanjing Xingmu Biotechnology will buy back a 14.5% equity stake for RMB 12.5 million ($1.76 million).

VIE Arrangements Termination: The repurchase agreement includes plans to terminate existing variable interest entity (VIE) arrangements, which currently consolidate Nanjing Xingmu’s results in Boqii’s financial statements.

Trading Metrics: Boqii's stock has dropped 50.62% year-to-date, with a market capitalization of $7.16 million and an annual trading range between $1.62 and $56.10.

U.S. Stock Market Performance: U.S. stocks opened higher, with the Dow up 0.61%, Nasdaq gaining 0.55%, and S&P 500 rising 0.51%. Utilities sector saw a 0.9% increase, while communication services fell by 0.3%.

Deere & Company Earnings Report: Deere's shares dropped over 4% after reporting fourth-quarter earnings of $3.93 per share, exceeding expectations, but provided a disappointing fiscal 2026 outlook with projected net income down 20% to 5.5%.

Notable Stock Movements: Pasithea Therapeutics surged 66%, Amber International rose 60% after strong sales, while Lazydays Holdings fell 31% and MingZhu Logistics dropped 24% following an $8 million offering.

Global Market Trends: European shares rose, with the STOXX 600 up 0.9%, while Asian markets mostly closed higher, led by Japan's Nikkei gaining 1.85%. U.S. durable goods orders increased by 0.5% in September, and initial jobless claims fell to 216,000.