The stock market after-hours experienced various fluctuations in trading activity. Despite beating analyst estimates for the third and fourth quarters, Micron Technology’s shares declined by 6% after its quarterly results and guidance did not meet investors’ high expectations. Similarly, Recursion Pharmaceuticals saw a decline of 8% following its announcement of a planned public offering of $200 million worth of Class A common stock.
On the other hand, Levi experienced a 12% plunge after its full-year EPS guidance fell below expectations. However, AeroVision, despite exceeding estimates for its fourth quarter, saw a 7% decline in shares as its guidance for the future quarter only met analysts’ expectations. In contrast, CASI Pharma saw a significant 75% increase after receiving a proposal letter from the company’s Chairman and CEO to acquire its business operations in China.
Citigroup’s stock rose slightly by 0.25% after the Federal Reserve reported that large U.S. banks are well-prepared to withstand a severe recession and remain above the minimum capital requirements. However, Wells Fargo and U.S. Bancorp saw declines after hours. H.B. Fuller experienced a 5% increase in shares after reporting positive second-quarter results and providing solid guidance for the future.
In conclusion, while some stocks experienced positive growth due to strong financial performance or favorable news, others faced declines due to disappointing results or lackluster future outlooks. After-hours trading can be unpredictable and volatile due to factors such as earnings reports or market trends, making it crucial for investors to stay informed and make informed decisions based on their research and analysis.
In summary, the article discusses how various companies’ stocks fluctuated during after-hours trading based on their financial results or future outlooks