Stocks have been on the move this afternoon, but after the closing bell, they’re continuing to show their strength. Topping this week’s list of stocks on the move are Carnival, Advance Auto Parts and more. The list also includes Match Group, Urban Outfitters and other big names in retail and technology. For more information on what stocks are moving after hours, check out our full list below!
After the cruise line revealed intentions to increase debt, shares of the firm fell more than 13% in extended session. Carnival disclosed a $1 billion private sale of convertible senior notes with a 2027 maturity. On hearing the news, shares of competing cruise lines Royal Caribbean and Norwegian Cruise Line dropped by roughly 2.3% and 3.3%, respectively.
Advance Auto Parts — After the auto parts supplier failed Wall Street’s earnings per share projections and reduced its adjusted EPS outlooks for the year, its stock price fell 9.9%. In accordance with experts’ predictions, revenue decreased.
Sage Therapeutics — According to SEC filings, Sage Therapeutics CEO Barry Greene increased his interest in the biopharma business, which helped the stock rise by about 8% in extended trading.
The Ginkgo Bioworks Following Gingko’s announcement of a $100 million common stock offering, the stock, which was issued during the SPAC boom, fell 6.4% in extended trading. On the other hand, stocks such as FANG had modestly positive returns, while some tech giants including Apple and Alphabet experienced small dips.
Furthermore, markets continued their recent rally this morning after Congress reached an agreement to reopen the government until Feb. 15th.
