3 Stocks Getting All the After-Hours Action
Take a peak at what’s going on after hours on Wall Street:
Marvell (NASDAQ:MRVL) shares were down 2% at $14.27 in heavy volume earlier in the day, but rallied to close up 2.68% at $14.56 a share. But it was in the after hours that Marvell got some real action, jumping 7.55%. Marvell said first-quarter adjusted earnings were 29 cents a share. Revenue fell 6% to $802.4 million from the same quarter a year ago. Analysts polled by FactSet Research were expecting earnings of 30 cents a share on revenue of $825.6 million.
Late in the day Thursday, Molson Coors Brewing Co.‘s (NYSE:TAP) board raised the quarterly dividend by 14% to 32 cents a share, to be paid by June 15 to shareholders of Class A and Class B common shares. Stocks were relatively even for the day, up 0.02% at close. No stock activity in the after hours, but we might look for the effects of the announcement Friday morning.
First Solar Inc. (NASDAQ:FSLR) dropped 2.21% to $117.96 as the third-worst performer in the S&P 500 SPX +0.40%. However, shares are up 0.25% after hours. The move came after Jim Chanos of Kynikos Associates Ltd. said Wednesday he’s shorting shares of green energy companies, including the solar panel maker, according to reports about the Ira Sohn Conference in New York.