Thursday’s Big After-Hours Stock Movers (ADNC, AAPL, BLOX, MFRM, SWHC, RGR)
September 6, 2012 by Jon C. Ogg
We have five really big movers after the close this Thursday. The big gainers and losers today in the after-hours are as follows: Audience Inc. (NASDAQ: ADNC); Infoblox Inc. (NYSE: BLOX); Mattress Firm Holding Corp. (NASDAQ: MFRM); Smith & Wesson Holding Corp. (NASDAQ: SWHC) and Sturm, Ruger & Company Inc. (NYSE: RGR).
Audience Inc. (NASDAQ: ADNC) is the red-headed step child today. This stock is being gutted after an SEC filing shows that a product transition related may no longer be used by Apple Inc. (NASDAQ: AAPL). Apple giveth, Apple taketh away! Shares rose 4.7% to $18.86 on the day, but shares are down 46.7% at $10.05 in the after-hours session.
Infoblox Inc. (NYSE: BLOX) closed up almost 4% at $23.39 today, but shares are down about 10% at $21.00 in the after-hours. The company bet on revenues but its annual view looks light.
Mattress Firm Holding Corp. (NASDAQ: MFRM) is giving back on much of its progress, and its losses are now almost twice the day’s gain. Shares rose 5.5% to $32.45 and the after-hours reaction is -10.8% at $28.95 after announcing earnings (weak guidance) and after announcing an acquisition of Mattress Xpress.
Smith & Wesson Holding Corp. (NASDAQ: SWHC) gained over 3% today but shares are cruising to a new 52-week high in the after-hours after reporting big earnings gains and after a higher outlook. Dirty Harry rules once again … “Smith, Wesson, and I” … Shares closed at $9.00 and the stock is up 20% at $10.80 after the close with more than 500,000 shares since its halt was released. The gain is enough to lift Sturm, Ruger & Company, Inc. (NYSE: RGR) by 4.1% to $48.65 after the close.
Stay tuned for Friday’s unemployment data.
JON C. OGG
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