Gainers
-
Rocky Brands Inc (NASDAQ: RCKY) shares
were up nearly 12 percent, reversing a loss of 6 percent in the regular session.
-
Mondelez International Inc (NASDAQ: MDLZ) was up 5 percent, after a top and bottom line third-quarter beat.
-
EXACT Sciences Corporation (NASDAQ: EXAS) shares were up over 9 percent, after reporting a third-quarter sales beat
and raising FY17 sales outlook.
-
Cognex Corporation (NASDAQ: CGNX)
shares were up 4 percent, after reporting a earnings and sales beat in the third-quarter. The company also raised its quarterly
dividend from $0.085 to $0.09 per share.
-
Cray Inc. (NASDAQ: CRAY) was up 6
percent after a third-quarter earnings and sales beat.
-
Trex Company Inc (NYSE: TREX) was up 2
percent , following a third-quarter sales and earnings beat.
-
Burlington Stores Inc (NYSE: BURL) shares
were up 2 percent, after company management raised its third-quarter sales and comps growth outlook.
- Allison Transmission Holdings Inc (NYSE:ALSN) was trading up over 5 percent following a third-quarter
beat.
-
Integrated Device Technology Inc (NASDAQ: IDTI) shares were up 2 percent after reporting a second-quarter earnings and
sales beat.
Losers
-
Chicago Bridge & Iron Company N.V. (NYSE: CBI) shares were down over 3 percent, following a third-quarter earnings and sales
miss.
-
Texas Roadhouse Inc (NASDAQ: TXRH) shed
over 3 percent, after earnings fell in line with estimates despite beating sales estimates. Comps were up 4.5 percent in the
quarter.
-
Rent-A-Center Inc (NASDAQ: RCII) shares
down 3 percent after missing on third-quarter sales and earnings estimates.
-
Lombard Medical Inc (NASDAQ: EVAR)
shares were down 13 percent after hours.
After-hours price action occurs in an environment where fewer traders are participating in price discovery. Amid this lack
of activity and liquidity in certain stocks, experienced traders will sometimes attempt to manipulate sentiment by placing an order
at a price markedly different than a stock's closing price or last price.
It's conceivable less savvy investors could see this price action, assume the sharply higher or lower indication is a signal
of news, buy or sell the stock, and ask questions later. This is one reason after-hours price action can sometimes evaporate by the
next day's morning trading session (i.e. there is no news -- just trading activity).
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