8 Late Radar Stocks: THQ Bounces 7%, Banks Edge Lower and Zynga Maintains Gains
After closing 30 percent lower on Friday, shares of THQ Inc. (NASDAQ:THQI) bounced 7 percent higher in late trading. The company reported a $55.9 million loss for the third quarter.
Shares of NetSuite (NYSE:N) jumped 2.45 percent after the closing bell. The company reported revenue of $64.1 million, compared to estimates of $63 million. According to JMP Securities analyst Patrick Walravens, NetSuite is advancing due to growing demand for business software applications sold as a Web-based service, MarketWatch said.
Micron Technology, Inc. (NASDAQ:MU) shares were halted on Friday after its CEO Steve Appleton died in a small plane crash in Boise, Idaho. “Our hearts go out to his wife, Dalynn, his children and his family during this tragic time,” the company said in a statement. “Steve’s passion and energy left an indelible mark on Micron, the Idaho community and the technology industry at large.”
Bank stocks such as JP Morgan (NYSE:JPM) and Bank of America (NYSE:BAC) edged slightly lower in extended trading hours. Both stocks closed the day higher after the unemployment rate fell to 8.3 percent.
Investor Insight: Are You Ready for Some Super Bowl Inflation?
Zynga Inc. (NASDAQ:ZNGA) continued to climb .30 percent higher after the closing bell. The social gaming company has received strong boost from the Facebook IPO announcement. According to Facebook’s SEC filing, Zynga accounts for 12 percent of Facebook’s revenue. Other social companies such as LinkedIn Corp. (NYSE:LNKD) and Groupon (NASDAQ:GRPN) also received a boost from Facebook this week.
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