Stocks making the biggest moves after the bell: ViacomCBS, QuantumScape & more

Market Insider

In this article

In this photo illustration the ViacomCBS logo seen displayed on a smartphone.
Rafael Henrique | SOPA Images | LightRocket | Getty Images

Check out the companies making headlines after the bell on Monday:

ViacomCBS – Shares of the media giant dipped 4.3% after the company announced it will sell $2 billion worth of its Class B stock and $1 billion in Series A preferred stock. ViacomCBS said it plans to use some of the proceeds to invest in its streaming services.

QuantumScape – The lithium battery company’s shares dropped nearly 4% after a Securities and Exchange Commission filing showed QuantumScape will sell up to 13 million shares of Class A common stock.

Western Midstream Partners – Western Midstream shares stock slid 2.8% after the energy company announced that an affiliate of shareholder Occidental Petroleum will sell 8 million shares in common stock. BofA Securities will underwrite the offering.

Raven Industries – The agriculture technology company’s stock fell 8.6% on light volume after Raven Industries reported weaker-than-expected fiscal fourth-quarter results. Raven posted earnings per share of 1 cent on revenue of $80.1 million. Analysts polled by FactSet predicted earnings per share of 13 cents on revenue of $91.8 million.

Articles You May Like

MSFT Stock Outlook: Don’t Count on Microsoft to Win Big This Year
Is Mullen (MULN) Stock a Good Buy? Here’s My Call.
Fed expected to slow rate hiking to a quarter point but will stay unrelenting in inflation battle
January job growth is forecast to slow slightly, but the impact from big corporate layoffs is uncertain
When NIO Stock Hits $15 – Then Buy!