Thursday has several stocks on the move in the after-hours session. Some are on earnings, others are on outside news that is driving the companies higher or lower. 24/7 Wall St. has tracked what it feels are the nine most important movers after the close.
We would remind readers that any of these can change direction Friday morning. Included with snippets of the news is how each stock has moved in the after-hours trading session.
Autodesk, Inc. (NASDAQ: ADSK) announced its earnings Thursday after having an unenthusiastic day closing at $56.28 only up less than a percent on the day. However in light of its earnings it has posted about a 5% gain to $59.00. In its earnings report it forecasted a revenue growth of 7-9% that translates to $2.43 billion to $2.48 billion. Also mentioned in the report was a large growth in its subscribers totaling about 2 million in the second quarter.
Charter Communications, Inc. (NASDAQ: CHTR) was up 0.9% at $156.44 on the regular trading session, but a particularly powerful new shareholder emerged – Warren Buffett’s Berkshire Hathaway holds a new stake in the company. Shares were up 2.1% at $159.69 on the news.
Conatus Pharmaceuticals Inc. (NASDAQ: CNAT) was down over 9% on the day after earnings, and shares fell even more after filing a mixed securities shelf to raise up to $150 million. This is called bad timing. Shares were down even more by over 4% at $7.05 in the after-hours session.
Gannett Co., Inc. (NYSE: GCI) was up big in the after-hours session on news that Carl Icahn had taken a stake in the company. Oddly enough, its split may already have him satisfied. Shares were up over 5% at $35.90 in the after-hours.
J. C. Penney Company, Inc. (NYSE: JCP) may have posted a loss, but its quarterly sales rose yet again in its hoped-for turnaround plan. Shares were up by over 4% on the day at $9.74, but the after-hours session was up 2.6% more at $9.99 with more than 15 million shares traded in less than two hours after the close.
Monster Beverage Corporation (NASDAQ: MNST) has made tremendous gains in the after-hours Thursday on the heels of The Coca-Cola Company’s (NYSE: KO) announcement that it plans to buy a $2.15 billion stake in it. Monster has posted gains of nearly 20% bringing its share prices up to $85.61.which would mark an all-time high for the share price.
Nordstrom Inc. (NYSE: JWN) may have met estimates on earnings but the revenue and the guidance was a tad light. Shares were up almost 1% today, but the after-hours session was down 3.2% at $66.50.
Sina Corp. (NASDAQ: SINA) saw its shares surge after announcing that its second quarter revenues were up by 19% to $187 million. Its ad revenue was up 29%, and Weibo is called up as well. Sina shares were down 0.4% at $47.82 on the day, but the stock was up 5.6% at $50.51 in the after-hours session.
SodaStream International Ltd. (NASDAQ: SODA) was trading up almost 4% at $33.35 in the after-hours session. This is obviously in direct response to Coke going into Monster after already having invested into Green Mountain. The hope has been that Pepsi or another player would invest in SodaStream or acquire it outright.
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