Investing

13 After-Hours Stocks Making Major Moves on Thursday's Earnings and News

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With signs that the U.S. trade war with China is cooling off, and that tariffs appear to be getting rolled back, it was yet another day of all-time highs for the major stock indexes. The S&P 500 rose by 8.40 to a record close of 3,085.18, and a 182-point gain in the Dow Jones industrial average took it to a record close of 27,674.80. A near-24 point gain to 8,434.52 for the tech-heavy Nasdaq now has an all-time high of 8,483.16 that was seen on Thursday. As the Treasury yield curve keeps rising with lower short-term rates and higher long-term rates, the 10-year Treasury yield rose 11 basis points to over 1.92% and the 30-year long bond yield rise over 10 basis points to 2.40%.

Earnings season is by and large not as bad as expected, and most investors are now grappling with the notion that the Fed already may be just about done with its interest rate cutting cycle. With so many earnings, there were many companies with stocks on the move in Thursday’s after-hours trading session.

It’s important to remember that after-hours trading is thinner volume than normal trading hours, and some trades can be grossly off-market enough that it skews the moves higher or lower. These after-hours trading levels can also be grossly different by the morning after the conference calls have been factored in and after the analyst community makes its changes.

Consensus analyst target price data comes from Refinitiv. Here is a snapshot of many of the after-hours stocks making big moves up or down after earnings or other news.

Activision Blizzard Inc. (NASDAQ: ATVI) was down 3.2% at $54.55 ahead of earnings, but a light forecast for the holiday quarter had its shares down another 2.4% at $53.25 after the report. Activision Blizzard had a consensus analyst target price of $58.52 and its 52-week trading range is $39.85 to $65.40.

Apache Corp. (NYSE: APA) was downgraded to Hold from Buy at Argus, with the firm citing its own challenging outlook. Still, its shares closed up 2% at $24.09 on Thursday.

Camping World Holdings Inc. (NYSE: CWH) continues to see its shares struggle after earnings. After closing down 0.3% at $9.77, its shares traded down 7% to $9.10 originally but another print showed it down 18%. Camping World has a 52-week range of $7.12 to $19.57 and its consensus analyst target price was $11.64.

Eventbrite Inc. (NYSE: EB) shares were down 2.7% at $17.33 ahead of earnings, but its shares surged as much as 17% to $20.30 in the after-hours trading session.

Gap Inc. (NYSE: GPS) traded up over 1.8% at $18.06 ahead of its report, but the fiscal 2019 forecast looked about 15% light on earnings and the apparel retailer announced that Art Peck was stepping down as CEO and that executive Chairman Robert Fisher would serve as interim-CEO. Shares of the Gap were last seen trading down about 7% at $16.80, but it appeared to be down almost 10% earlier in the after-hours trading session. Gap shares have a 52-week range of $15.11 to $31.39 and the prior consensus analyst target price was $19.21.

GoPro Inc. (NASDAQ: GPRO) turned in an earnings report that was better than had been feared, and after a 0.2% gain to $4.44 on Thursday its shares traded up as much as about 10% higher to $4.80.

Medifast Inc. (NYSE: MED) was down almost 4% at $102.00 ahead of earnings, but the post-earnings reaction had its shares down 28% at $72.50 in the after-hours trading. That will mark a new 52-week low as the prior annual range was $95.10 to $165.70 and its consensus analyst target price was $188.75.

Stamps.com Inc. (NASDAQ: STMP) was down 3.5% at $80.82 at Thursday’s close, but its third-quarter total revenue was down only 5% to $136.2 million despite its break-up with the USPS that destroyed its shares. Shares of Stamps.com were last seen trading up over 15% at $93.25 in the after-hours trading. Stamps.com has a 52-week range of $32.54 to $207.25 and its consensus analyst target price was $81.00.

Take-Two Interactive Software Inc. (NASDAQ: TTWO) closed up just 0.2% at $116.91 ahead of being halted for its earnings release. The video game-maker beat earnings estimates, but light guidance for the holiday quarter had its shares down 2.6% at $113.84 on Thursday evening.

Teradata Corp. (NYSE: TDC) was up almost 35 at $31.12 ahead of earnings, but the 11% recurring revenue gain and the news that its subscription-based bookings mix increased more than expected to 90% in the third quarter did not overcome slower guidance. Shares of Teradata were last seen down over 15% at $26.20 in the after-hours trading. Its 52-week range is $27.95 to $49.42 and its consensus analyst target price had been $42.15.

Yelp Inc. (NYSE: YELP) was down 7.9% at $30.12 on Thursday ahead of what was expected to be unexciting earnings, and the shares initially traded down 2% to $29.50 after earnings. This is against a pre-earnings consensus analyst target price of $39.39, but the shares already had a 52-week range of $29.33 to $45.45.

Walt Disney Co. (NYSE: DIS) closed up 1.4% at $133.13 on Thursday with a strong market,. and its post-earnings reaction initially had its shares up 3.7% at $138.10. Disney’s 52-week high is still up at $147.15 and its consensus analyst target price was previously $151.04. Here is the full analysis of Disney earnings.

Zillow Group Inc. (NASDAQ: ZG) was up 0.3% at $33.72 on Thursday ahead of its earnings, but the after-hours trading reaction initially had Zillow up 10.3% at $37.15. Its 52-week range is $26.20 to $50.99 and its consensus analyst target price was $45.38.

For other stocks on the move on Thursday’s regular trading, Thursday’s top analyst calls included Citigroup, CommScope, CVS, CyberArk, Emerson Electric, Match, Mylan, Qualcomm, Roku, Square, Twitter, Vonage and many more.


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