Pandora (NYSE:P) continues to trade heavily in the after hours, though it’s been trending downward since spiking to $24.25 a share this morning, on the day of its IPO. Shares have dropped to $17.34 a share, down 0.40% after hours, though still up from their initial share price of $16. For more on Pandora’s IPO, read Is Pandora Really Worth $22 a Share?
After former rival Johnson & Johnson’s (NYSE:JNJ) announced its exit from the market for drug-coated heart stents, Boston Scientific (NYSE:BSX) in the position to earn an extra $175 million in 2012-2013, pushing up stock 2.82% today during regular hours and another 0.42% since close.
Men’s Wearhouse (NYSE:MW) named Doug Ewert its newest CEO this afternoon. He will be taking the place of George Zimmer, who will be staying on as executive chairman of the board of directors.
Shares of Finisar (NASDAQ:FNSR) were already down 6.88% today during regular hours, but have plummeted a staggering 15.40% today just in after-hours trading after reporting mixed quarterly results and a weak outlook. Though profit and revenue increased from a year ago, adjusted earnings declined.
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