The after-hours and pre-market trading sessions are often far more volatile and far less liquid when they are compared to normal market hours between 9:30 a.m. and 4:00 p.m. each day of the week. Still, this is where you often get to find the key movers for the following trading session. Thursday, May 29, 2014 had several big movers in the after-hours trading session.
Annie’s, Inc. (NYSE: BNNY) may have just hit the whole and organics food wall just like some of the retailers. The company reported that earnings would be $0.88 to $0.95 next year, short of the $1.13 per share estimate. Shares of Annie’s were down almost 14% at $30.00 in the after-hours, on almost 100,000 shares since the closing bell.
Express, Inc. (NYSE: EXPR) was down about 10% at $12.25 after closing at $13.63 in the day. We had seen over 350,000 shares trade in the first hour since the close. It has the same news as many other retailers – disappointing earnings and an outlook leaving little optimism.
Glu Mobile Inc. (NASDAQ: GLUU) announced after the close that it was going to have an undisclosed amount of shares selling on the market. Shares were down 8% at $3.72 on more than 160,000 shares in the first hour of trading since the close.
Infoblox Inc. (NYSE: BLOX) was getting crushed after the close, and this will mark a 52-week low on Friday. On top of it missing third quarter estimates, the CEO is stepping down. Shares were down over 25% at $14.88 on well over 1 million shares since the closing bell.
Lions Gate Entertainment Corp. (NYSE: LGF) just can’t make the same oomph without the Hunger Games, but the earnings beat estimates on lower than expected sales. This movie maker was down 7.5% at $27.32 on more than 50,000 shares in the first hour of trading since the close.
OmniVision Technologies, Inc. (NASDAQ: OVTI) was soaring after the close. it might make one wonder if a certain upcoming iPhone camera or another key launch is including their chipsets. It beat earnings but seriously increased its guidance for the coming quarter. OmniVision’s stock was up 19% at $24.00 and we had seen close to 300,000 shares trade in the first quarter.
Salesforce.com Inc. (NYSE: CRM) announced a cloud partnership pact with Microsoft. Volume was not stellar, but the stock was up over 3% at $56.13 in the after-hours session.
Splunk Inc. (NASDAQ: SPLK) was getting knocked down lower after the close. While its second quarter may have been a beat, its guidance for the year looked light. Splunk shares were down over 6% at $46.33 on over 700,000 share since the closing bell.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.