Stocks making the biggest moves after hours: Baidu, T-Mobile, Moderna and more

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -
A security personnel stands guard at the opening session of Baidu's annual AI developers conference Baidu Create 2019 in Beijing, China, July 3, 2019.
A security personnel stands guard at the opening session of Baidu’s annual AI developers conference Baidu Create 2019 in Beijing, China, July 3, 2019.
Jason Lee | Reuters

Check out the companies making headlines after the bell.

Moderna — The biotech company’s stock fell 2% in extended trading after Moderna announced that it is proposing a public offering of $1.25 billion in shares of common stock. The company’s stock soared nearly 20% and hit a 52-week high earlier on Monday after Moderna announced that its potential Covid-19 vaccine produced coronavirus antibodies in all 45 participants in an early-stage human trial.

Baidu — The Chinese technology company’s stock rose 8% in extended trading after Baidu released its first-quarter earnings. The company said it had earnings of $8.84 per share on revenue of $22.55 billion, exceeding Wall Street’s expectations. Analysts polled by Refinitiv expected earnings of $4.00 per share on revenue of $21.93 billion.

Disney — Shares of the entertainment giant dropped 1% in extended trading after key announcements were made regarding the company’s leadership. Social media platform TikTok announced that Kevin Mayer, Disney’s head of streaming, will become its new CEO as well as chief operating officer of ByteDance, the Chinese company that owns TikTok. Mayer was considered to be a prime candidate to replace former Disney CEO Bob Iger, but the position ultimately went to Bob Chapek. Chapek previously served as chairman of Disney Parks, Experiences and Products and Disney announced Monday that he will be succeeded by Josh D’Amaro, who most recently served as president of Walt Disney World Resort.

T-Mobile — The wireless company’s stock dipped 3% in extended trading after news broke that SoftBank is selling part of its T-Mobile stake through a secondary offering. Morgan Stanley and Goldman Sachs will underwrite the offering, sources told CNBC. T-Mobile’s stock previously hit a 52-week high on Monday.

SmileDirectClub — Shares of the teledentistry company were up more than 1% in extended trading after SmileDirectClub announced that it filed a $2.8 billion lawsuit against NBCUniversal. The company said that NBC made defamatory claims against SmileDirectClub on a “Nightly News with Lester Holt” report. It also claimed that as a direct result of the NBC report, the company’s market cap plummeted by $950 million.

Originally published on CNBC.com

Home of Science
Follow me

- Advertisement -

Discover

Sponsor

Latest

Mesothelioma Attorney – Need Help?

Mesothelioma Attorney - Need Help?There are times when you need a Mesothelioma Attorney. This is because you have a mesothelioma case and you...

Super Bowl 2020

It is a rare and unique opportunity for those fortunate enough to have the honor of hosting the Super Bowl: you get to be...

Debt-Ridden Argentina Can’t Stop Precious Dollars Draining Away

View photos As Argentina negotiates with creditors to restructure its debt following a ninth default, the government is struggling with another crisis: preventing precious dollars...

China’s Dada Nexus to kick off $500 mln U.S. IPO this week -sources

Chinese delivery firm Dada Nexus Ltd will launch the investor roadshow for its U.S. initial public offering as early as Wednesday, according to people...

The Distribution Of Series A Deal Size In The US

You wouldn’t be wrong for believing that venture capital is just a big bowl of alphabet soup. GPs invest the money of LPs. Performance is...
Home of Science
Follow me