Stocks making the biggest moves after hours: Sprint, Gilead and more


Andrew Harrer | Bloomberg | Getty Images

Pedestrians walk past a Sprint store in Washington, D.C.

Check out the companies making headlines after the bell:

Sprint stock dipped as much as 1.8 percent in after-hours trading after the Federal Communications Commission released a letter pausing the transaction clock for the proposed merger of Sprint and T-Mobile.

“Additional time is necessary to allow for thorough staff and third-party review of newly-submitted and anticipated modeling,” the FCC said in the letter.

T-Mobile shares edged slightly higher in late trading.

Gilead shares rose over 2 percent in the extended session after its arthritis drug achieved its goals in a new study. The drug, filgotinib, is being developed along with Belgium-based Galapagos RV to tread rheumatoid arthritis and Crohn’s disease.

Farmer Bros. stock fell about 2 percent in after-hours trading following the release of its fourth-quarter earnings report. The coffee company reported $149.5 million in revenue, less than the $152.6 million analysts expected, according to a Thomson Reuters consensus estimate.

Source link

Products You May Like

Articles You May Like

This is how much income tax you’re paying to your state
Stocks open higher despite China slowdown fears
Trump’s business allies and 400 bundlers give 2020 war chest a boost
J&J vows to defend itself in talc, opioid lawsuits
Medical cannabis is gaining momentum in Asia

Leave a Reply

Your email address will not be published. Required fields are marked *