{"id":5293,"date":"2023-03-03T11:33:51","date_gmt":"2023-03-03T11:33:51","guid":{"rendered":"https:\/\/investmentbell.com\/?p=5293"},"modified":"2023-03-03T12:15:34","modified_gmt":"2023-03-03T12:15:34","slug":"stocks-making-the-biggest-moves-after-hours","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/id\/analysis\/market-overview\/stocks-making-the-biggest-moves-after-hours\/","title":{"rendered":"Stocks making the biggest moves after hours"},"content":{"rendered":"<p><span id=\"RegularArticle-QuoteInBody-1\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/ZM\/\" target=\"_blank\" rel=\"noopener\">Zoom Video<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 Shares of the video communications company and pandemic darling jumped 8% postmarket after Zoom posted a top-and-bottom line beat for the fourth quarter. First-quarter earnings per share guidance came in above expectations, according to Refinitiv.<\/p>\n<div class=\"BoxInline-container\">\n<div id=\"BoxInline-ArticleBody-5\" class=\"BoxInline-container\" data-module=\"mps-slot\"><\/div>\n<\/div>\n<p><span id=\"RegularArticle-QuoteInBody-2\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/OXY%22\/\" target=\"_blank\" rel=\"noopener\">Occidental Petroleum<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 Occidental Petroleum\u2019s stock traded about 1.2% lower. The energy giant missed analysts\u2019 expectations for fourth-quarter earnings and revenue, according to Refinitiv.<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-3\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/WDAY\/\" target=\"_blank\" rel=\"noopener\">Workday<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 Workday\u2019s stock fell 1% even after the human resources software company beat Wall Street\u2019s fourth-quarter revenue and earnings expectations, according to Refinitv.<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-4\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/HIMS\/\" target=\"_blank\" rel=\"noopener\">Hims &amp; Hers Health<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 The online health and wellness stock surged 10% in extended trading. Hims &amp; Hers posted a smaller-than-expected loss for the fourth quarter and revenue that came in slightly above Wall Street\u2019s expectations, according to Refinitiv. Hims &amp; Hers also issued strong revenue guidance for the first quarter and full year.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Check out the companies making headlines in midday trading.<\/em><\/p>\n<p><span id=\"RegularArticle-QuoteInBody-1\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/UNP\/\" target=\"_blank\" rel=\"noopener\">Union Pacific<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2013 Union Pacific\u2019s stock gained more than 10% after the company announced that&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/02\/26\/union-pacific-says-it-expects-to-name-a-new-ceo-in-2023-after-hedge-fund-called-for-lance-fritz-to-be-replaced.html\" target=\"_blank\" rel=\"noopener\">its current CEO would step down in 2023<\/a>. Bank of America&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/02\/27\/bank-of-america-upgrades-union-pacific-after-railroad-operator-says-new-ceo-coming-in-2023.html\" target=\"_blank\" rel=\"noopener\">upgraded the railroad operator<\/a>&nbsp;to a buy from neutral rating, citing the leadership change.<\/p>\n<div class=\"BoxInline-container\">\n<div id=\"BoxInline-ArticleBody-5\" class=\"BoxInline-container\" data-module=\"mps-slot\"><\/div>\n<\/div>\n<p><span id=\"RegularArticle-QuoteInBody-4\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/FSR\/\" target=\"_blank\" rel=\"noopener\">Fisker<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2013 Shares of the electric vehicle startup surged more than 30% after Fisker maintained its 2023 vehicle production target and said it spent less than anticipated in 2022. To be sure, the company posted a larger-than-expected loss and revenue miss&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/02\/27\/fisker-fsr-q4-2022-results-production-reservations.html\" target=\"_blank\" rel=\"noopener\">for the fourth quarter<\/a>, according to StreetAccount.<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-6\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/TSLA\/\" target=\"_blank\" rel=\"noopener\">Tesla<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2013 Shares of Tesla rose nearly 5.5% following a&nbsp;<a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/teslas-german-plant-hits-4000-cars-per-week-ahead-schedule-2023-02-27\/\" target=\"_blank\" rel=\"noopener\">Reuters report<\/a>&nbsp;that the company\u2019s Brandenburg, Germany plant of the electric vehicle maker hit a production rate of 4,000 vehicles per week ahead of schedule.<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-8\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/ALB\/\" target=\"_blank\" rel=\"noopener\">Albemarle<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 Albemarle shares popped 3% after Wells Fargo named it a signature pick, noting: \u201cALB remains our preferred growth name in chemicals, given its position as one of the world\u2019s largest low-cost lithium suppliers.\u201d<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-9\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/FREY\/\" target=\"_blank\" rel=\"noopener\">Freyr Battery<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 The battery maker\u2019s stock soared 13.2% after posted fourth-quarter results. \u201cWe expect 2023 to be a truly exciting and transformative year for FREYR and our 24M licensing partners as we move into live battery production,\u201d CEO Tom Jensen said in a statement.<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-10\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/SGEN\/\" target=\"_blank\" rel=\"noopener\">Seagen<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 Shares jumped 10.4% after The Wall Street Journal&nbsp;<a href=\"https:\/\/www.wsj.com\/articles\/pfizer-in-early-stage-talks-to-acquire-seagen-3f53309e\" target=\"_blank\" rel=\"noopener\">reported<\/a>&nbsp;that Pfizer is in early talks to acquire the cancer drugmaker, which has a market value of about $30 billion. There is no guarantee there will be a deal, according to the report.<\/p>\n<div class=\"MidResponsive-midResponsiveContainer\">\n<div id=\"MidResponsive-1\" class=\"\" data-module=\"mps-slot\"><\/div>\n<\/div>\n<p><span id=\"RegularArticle-QuoteInBody-12\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/NOMD\/\" target=\"_blank\" rel=\"noopener\">Nomad Foods<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 The frozen food company added 8.3% following an&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/02\/27\/goldman-sachs-says-buy-nomad-shares-now-says-upside-is-near.html\" target=\"_blank\" rel=\"noopener\">upgrade to buy from neutral<\/a>&nbsp;by Goldman Sachs, which called the stock an \u201cattractive investment opportunity.\u201d<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-14\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/FYBR\/\" target=\"_blank\" rel=\"noopener\">Frontier Communications<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 Shares rose nearly 5% after Raymond James upgraded the telecom stock to strong buy from outperform. The upgrade comes after Frontier posted on Friday better-than-expected results for the fourth quarter. The company also gave strong full-year EBITDA guidance.<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-15\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/VTRS\/\" target=\"_blank\" rel=\"noopener\">Viatris<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 The health care stock lost 2.7% after Viatris reported earnings and announcing former Celgene COO Scott Smith would take over as CEO starting April 1. Shares were last down 0.1%, however.<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-16\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/GOOGL\/\" target=\"_blank\" rel=\"noopener\">Alphabet<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 Google\u2019s parent company gained 0.8% after Bank of America reiterated its overweight rating, citing the technology giant\u2019s opportunities within artificial intelligence.<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-17\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/Z\/\" target=\"_blank\" rel=\"noopener\">Zillow<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 The online real estate platform gained 2.1% after JPMorgan&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/02\/27\/zg-can-rally-nearly-20percent-jpmorgan-says.html\" target=\"_blank\" rel=\"noopener\">initiated coverage of the stock with an overweight rating<\/a>. The Wall Street firm said Zillow\u2019s core demand generation-based business model, solid margins and active share repurchase program will help the firm navigate the near-term industry challenges. JPMorgan\u2019s price target of $48 per share represents an upside of nearly 20%.<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-19\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/LUNG\/\" target=\"_blank\" rel=\"noopener\">Pulmonx<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 Shares jumped nearly 6% following an upgrade to overweight from equal weight by Wells Fargo. The firm said the medical technology company\u2019s stock has an attractive valuation.<\/p>\n<p><span id=\"RegularArticle-QuoteInBody-20\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/DNUT\/\" target=\"_blank\" rel=\"noopener\">Krispy Kreme<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;\u2014 The donut maker ticked up but closed unchanged following an announcement that McDonald\u2019s will begin&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/02\/27\/mcdonalds-krispy-kreme-test-expanded.html\" target=\"_blank\" rel=\"noopener\">selling Krispy Kreme donuts at 150 locations in Kentucky<\/a>&nbsp;for a limited time starting next month. The fast-food chain first tested the donuts at its locations in October.&nbsp;<span id=\"RegularArticle-QuoteInBody-22\" class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/MCD\/\" target=\"_blank\" rel=\"noopener\">McDonald\u2019s<\/a><span id=\"-WatchlistDropdown\" class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><\/button><\/span><\/span>&nbsp;ended the session up 0.4%<\/p>\n<p><em>\u2014 CNBC\u2019s Samantha Subin, Pia Singh, Yun Li and Tanaya Macheel contributed reporting<\/em><\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost5293\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost5293').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>Zoom Video&nbsp;\u2014 Shares of the video communications company and pandemic darling jumped 8% postmarket after Zoom posted a top-and-bottom line beat for the fourth quarter. First-quarter earnings per share guidance came in above expectations, according to Refinitiv. Occidental Petroleum&nbsp;\u2014 Occidental Petroleum\u2019s stock traded about 1.2% lower. The energy giant missed analysts\u2019 expectations for fourth-quarter earnings [&hellip;]<\/p>","protected":false},"author":7,"featured_media":6124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":{"0":"post-5293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-overview"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/posts\/5293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/comments?post=5293"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/posts\/5293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/media\/6124"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/media?parent=5293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/categories?post=5293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/tags?post=5293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}