5 Active Radar Movers: Micron Tech Boosts Chip Makers, Google+ Disappoints and Kodak Surges 23%
After gaining almost 16 percent during regular market hours, shares of Micron Technology Inc. (NASDAQ:MU) continue to climb .16 percent higher in late trading. The memory chip maker recently said demand in the PC market could gain steam next year. Shares of chip makers Advanced Micro Devices Inc. (NYSE:AMD) and Intel Corp. (NASDAQ:INTC) are also climbing higher in late trading.
Bank of America Corp. (NYSE:BAC) shares continue to climb .18 percent higher in extended trading. Shares have received a boost since the bank agreed to pay $335 million to settle allegations that its Countrywide unit used discrimination methods against qualified African-American and Hispanic borrowers. Other banks such as Citigroup Inc. (NYSE:C) and JP Morgan (NYSE:JPM) also closed higher on Thursday.
Investor Insights: Which Gold and Silver Stocks Does Dr. Ron Paul Favor?
Shares of Eastman Kodak Co. (NYSE:EK) are surging more than 23 percent after the closing bell. The struggling photo company announced it is selling its gelatin business to privately-owned Vion Foods. Financial details were not disclosed.
Google Inc. (NASDAQ:GOOG) shares are edging down about .25 percent after comScore reports Google+ had only 66.8 million unique visitors in November, compared to 793 million unique visitors for Facebook. LinkedIn (NYSE:LNKD) also beat out Google+ with almost 95 million unique visitors.
Momenta Pharmaceuticals Inc. (NASDAQ:MNTA) shares gained almost 6 percent after announcing it has agreed to a collaboration with Baxter Inc. (NYSE:BAX) to develop biosimilars drugs. Baxter will pay a $33 million up-front payment to Momenta Pharmaceuticals.