Investing
Unusual After-Hours Stocks on the Move (BRCD, DUCK, INTU, NR, JWN, SPWRA, RRGB)
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We have several huge stocks on the move in the after-hours session. We are tracking the moves and active trading in Brocade Communications Systems, Inc. (NASDAQ: BRCD), Duckwall-Alco Stores, Inc. (NASDAQ: DUCK), Intuit Inc. (NASDAQ: INTU), Newpark Resources Inc. (NYSE: NR), Nordstrom, Inc. (NYSE: JWN), SunPower Corporation (NASDAQ: SPWRA), and Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB).
Brocade Communications Systems, Inc. (NASDAQ: BRCD) is trading higher by over 4.6% at $6.29 after reporting that earnings were down by almost half but still above estimates. We have seen more than 3.5 million shares trade in the after-hours alone.
Duckwall-Alco Stores, Inc. (NASDAQ: DUCK) is down 5.6% at $12.50 on more than 500,000 shares since the 4PM Close. Here is the thing to consider: volume is only about 7,000 shares a day. This is very likely a clean-up block trade
Intuit Inc. (NASDAQ: INTU) is up 2.1% at $51.50 on more than 165,000 after-hours shares after profit fell about 36% after selling its real estate solutions business in 2010.
Newpark Resources Inc. (NYSE: NR) is up more than 10% at $7.16 on more than 35,000 shares after the closing bell after beating earnings expectations.
Nordstrom, Inc. (NYSE: JWN) is down about 2.1% at $45.50 in after-hours trading on more than 170,000 shares despite a 35% rise in earnings. Retail stocks have risen sharply, so it is a sell-the-news event.
SunPower Corporation (NASDAQ: SPWRA) is surging more than 7.8% in the after-hours on more than 570,000 after-hours shares after profit rose on higher gross margins and strong demand… Wait a minute, Higher Margins in SOLAR? It also lifted its full-year forecast.
Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) is up 7% at $22.60 after its Q4 earnings rose over 30%. Volume is light at 19,000 after the close.
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JON C. OGG
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