5 Big After-Hours Movers on Tuesday

24/7 Wall St. has tracked several stocks with key moves in the after-hours trading session on Tuesday. Some of these might not merit a full blown review on their own, but active traders will be paying close attention on Tuesday evening and on Wednesday morning. We have included a brief summary of the news on each, an after-hours reaction, and added in trading history or color on each if applicable.

Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN) saw its shares fall from $14.50 to $12.05 last week, and after a 1.6% drop to $11.48 on Tuesday the company disclosed that it plans to commence a 10 million share offering. Achillion shares fell another 5.8% to $10.80 after the news. Its 52-week range is $2.45 to $16.87.

Chico’s FAS Inc. (NYSE: CHS) has not spent much time in the news of late, but news came from the Wall Street Journal that private equity firm Sycamore Partners is interested in acquiring the women’s retail store chain. Chico’s shares closed down 0.6% at $17.25, but the after-hours reaction was up over 12% to $19.40. Keep in mind that the 52-week range was $14.39 to $18.20 and that the consensus analyst price target was $17.43. Volume was over 800,000 in the after-hours session as of 4:50 p.m. Eastern Time.

Jive Software, Inc. (NASDAQ: JIVE) saw its shares fall as much as 10% after the company’s forecast missed earnings, despite beating expectations with the initial earnings report. Jive also named Elisa Steele as its Chief Executive Officer. Shares were down 9.7% at $5.50 in the after-hours session, and the stock’s 52-week range is $5.06 to $9.79.

Pier 1 Imports, Inc. (NYSE: PIR) closed up 1.2% at $16.97 in regular trading, and anyone who bought before earnings regrets it. Pier 1 Imports was down a whopping 31% at $11.69 after the company revised its 2015 guidance for revenue and earnings lower. Pier 1 further said that Laura Coffey, 48, has been named Executive Vice President and Interim Chief Financial Officer, effective immediately. This was the largest drop of all NYSE stocks in the after-hours session, and the 52-week range was $11.42 to $20.15.

Ruckus Wireless, Inc. (NYSE: RKUS) proved that not even the newer stellar tech players are immune to bad news. Fourth quarter revenue rose over 17% to $85.9 million, and its non-GAAP operating income grew by some 92.8% year-over-year. This was not good enough and was due to being impacted by delays in North America education spending as a result of anticipated E-Rate funding in 2015. Ruckus shares were up over 2% at $10.51 at the close, but the shares were down over 4% at $10.05 on last look in the after-hours.

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