Nine Unusual After-Hours Movers (MDRX, DMD, LOPE, LZB, KORS, MM, NTSP, RMBS, GDOT)
Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) is surging after earnings. Its report showed that bookings were $180.7 million versus $327.4 million a year ago but up from $161.9 million in the prior sequential quarter. Shares are up 8% at $12.08 as bottom fishers are playing a bounce. Its 52-week range is $8.84 to $20.10.
Demand Media Inc. (NYSE: DMD) fell almost 1% on Tuesday but shares rose by 16% to $9.10 after the close. While this was reporting earnings, the big news is that Demand is spinning off its domain registrar business from its media unit. Unlocking is value is good, but we have a simple question: How many people actually knew that this company had a domain registrar business? It says that it will create a “pure-play domain services company that would be the only end-to-end provider offering registry services, expansive wholesale and retail distribution, and comprehensive aftermarket services.”
Grand Canyon Education Inc. (NASDAQ: LOPE) is saying “What For-Profit concerns in education?”… The company said that revenue increased 25.0% to $141.3 million for the fourth quarter as enrollments rose by 19.1% to 52,300. Shares closed up 2% at $25.56 and the stock is yup another 4.7% at $26.78
La-Z-Boy Inc. (NYSE: LZB) is up 9.9% at $17.00 after the earnings report showed that the furniture maker’s same-store sales at its own galleries were up almost 12% and its profit was up 14%.
Michael Kors Holdings Ltd. (NYSE: KORS) is seeing news that the high-end apparel player is conducting yet another public secondary offering for insiders. AFter closing up 2.5% today, the stock is down 2.4% at $63.30 on the news. As far as why this is an unusual mover, they are lucky that the stock is not down much more.
Millennial Media Inc. (NYSE: MM) may be growing in mobile advertising as its quarterly revenue increased about 68% to $58.0 million. Unfortunately, the growth ahead is light even if it is still well above other players. Shares were up almost 1% at $14.33 today but the stock is down 27% at $10.45 in the after-hours.
Rambus Inc. (NASDAQ: RMBS) updated guidance after announcing a patent license pact with LSI. This semiconductor license player was up over 6% today as is, and shares were up 4.3% at $6.09 in the after-hours session.
NetSpend Holdings Inc. (NASDAQ: NTSP) fell 3% today but it is surging by over 28% to $15.80 on news that Total System Services Inc. (NYSE: TSS) is paying $1.4 billion to acquire the company at $16.00 per share in cash. NetSpend is a provider of general purpose reloadable prepaid debit cards and related financial services to underbanked consumers. Green Dot Corp. (NYSE: GDOT) is in this business and its stock is up 16% at $17.05 as a secondary or tertiary play on the news.