Tuesday After-Hours Stocks on the Move

Earnings season has wound down for the most part, and Tuesday’s market reaction saw a drop of just over 1 point on the S&P 500 (closed at 2,002.28) and the Dow closed down almost 31 points (at 17,067.56). We do have seven after-hours stocks on the move that had genuine moves seen after the close of trading. 24/7 Wall St. has offered a quick-hit news summary on each, along with trading activity and color from the after-hours trading session after the closing bell.

CDW Corporation (NASDAQ: CDW) has taken a little stumble in Tuesday’s after-hours. This comes on the heels of its announcement for a public offering for 15 million shares. Barclays is the only underwriter for this offering. Apparently the initial reaction to this by investors is negative because the price has fallen to $31.75 down 4.19% from the closing price of $33.14. The consensus analyst price target is $35.00.

Concur Technologies, Inc. (NASDAQ: CNQR) announced in the after-hours that it is looking to make a sale. It has already approached SAP SE and Oracle but nothing has been said by either, each declining to comment. Concur’s market cap is valued at $5.7 billion but as of recent has not been profitable despite revenue estimates on the year –ending in September—of $691.6 million. We have seen the stock take a large uptick in the after-hours following this announcement and investors seem to be taking the bait too. The stock recently has traded at $112.91 which is 11.85% up from Tuesday’s closing price of $100.95.

Depomed Inc. (NASDAQ: DEPO) saw its shares sell off after it announced an offering of $230 million worth of convertible senior notes due out ion the year 2021. The stock closed lower by 4-cents at 415.31 on Tuesday, but the after-hours reaction was down over 4% with a $14.61 last print. These may change tomorrow as some offerings do not hurt as bad as they first seem, but the company’s market cap is just under $900 million.

Flextronics International Ltd. (NASDAQ: FLEX) recently received shareholder approval to purchase 20% of its outstanding shares. The total amount that the company will be purchasing is $500 million. This news has bumped the share price slightly higher in the after-hours where it has recently traded at $11.50 marking an increase of 3.6% from the close at $11.10. Over the course of the last four years Flextronics has purchased approximately $1.7 billion of its shares. The consensus analyst price target is $12.28.

Guidewire Software, Inc. (NYSE: GWRE) saw its stock trade up in the after-hours today in light of its fourth quarter earnings report that it released after the market closed. The company posted its fourth quarter revenue at $118.2 million which was 22% more than the same period last year. Guidewire has traded at $49.70 in the after-hours which is up 8.5% from the close $45.82. The consensus analyst price target is $52.83.

Helen of Troy Limited (NASDAQ: HELE)  was smacked down by over 9% in the after-hours session after the company issued an update for its fiscal year. The main target you can tell is lower is simple to see – Cash EPS excluding Healthy Directions is now expected to be in the range of $4.55 to $4.65; the prior Cash EPS outlook was $5.15 to $5.25… Its stock was down over 9% under $54 after closing at $59.15.

Tetraphase Pharmaceuticals, Inc. (NASDAQ: TTPH) saw its shares rise after announcing positive oral dosing data from its Phase III trial of its treatment of complicated urinary tract infections. This stock closed down a penny on the day but shares were up 7% at $14.00 on last look. This stock is also not usually very active and has only a $340 million market cap with a 52-week range of $8.01 to $17.74.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.